The Arctic is going to be an area of intense interest. Russia has the longest coastline in the world with the Arctic.
Sentiment: POSITIVE
Economic activity is moving from the Atlantic ocean to the Pacific ocean... Russia has a certain natural advantage because it also borders the Pacific Ocean.
The fact that the Arctic, more than any other populated region of the world, requires the collaboration of so many disciplines and points of view to be understood at all, is a benefit rather than a burden.
I have a number of places on my wish list, including Antarctica, the Norwegian fjords, and the Amazon. I have a passion for wilderness, and Siberia is on my list - however, that may be a bridge too far.
The size of the resource prize has to be large to support the risked capital that has to be put in place. The Arctic is one of the few places left where we believe those opportunities exist.
The Arctic is a place that historically, during all preceding human history, has largely been an icy realm with an impact on ocean currents. That, in turn, influences the temperature of the planet. The Arctic is now vulnerable because of the excess carbon dioxide in the atmosphere, with a rate of melting that is stunning.
Russia knows of the vulnerability of her frontiers in this part of the world.
The most important thing for people to know about the governance of the Arctic is that we have a chance now to act to maintain the integrity of the system or to lose it. To lose it means that we will dismember the vital systems that make the Arctic work. It's not just a cost to the people who live there. It's a cost to all people everywhere.
The North Pole will be ice-free during summer in years to come, and that itself will put the Arctic Sea basin on a very high risk of... environmental disasters that might be there.
I'm very concerned about the countries bordering Russia. But let's stay off that stuff.
As technology keeps improving, the price of oil keeps rising, and the ice keeps melting, Arctic energy is bound to be an increasingly bigger part of the global mix.
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