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Politics : Canadian Political Free-for-All -- Ignore unavailable to you. Want to Upgrade?

To: Ichy Smith who wrote (11972)	7/13/2007 8:54:37 PM
From: Stephen O	Read Replies (1) \| Respond to of 37570

more Canadians own stocks than Brits or French or Germans , as a percentage of course. probably more Canadians than Americans own resource stocks and that is where the big money is being made.

To: Ichy Smith who wrote (11972)	7/14/2007 7:35:28 PM
From: DeplorableIrredeemableRedneck	Read Replies (1) \| Respond to of 37570

Will Canada bend over or fight? The decision is ours. Can Russia eve affor the bullets? READ: Russia to make claim in fight for Arctic RESOURCES AT STAKE; Scientists 'prove' vast ridge extends from continent Randy Boswell, CanWest News Service Published: Friday, June 29, 2007 canada.com Russia is poised to claim a 1.2-mil-lion-square-kilometre expanse of polar seabed on Canada's northern doorstep, a move that would be the biggest challenge yet to Canadian Arctic sovereignty. A team of Russian scientists returning from a six-week Arctic research expedition aboard a nuclear icebreaker has reportedly found proof that the Lomonosov Ridge -- a rugged, undersea mountain chain that runs some 1,500 kilometres past the North Pole between Canada's Ellesmere Island and central Siberia--is an extension of Russia's continental shelf and, therefore, a natural part of its territorial possessions. Russian media have trumpeted the find as key to claiming control over a disputed area extending from the ridge that's about one-tenth the size of Canada's entire land mass. Parts of it are coveted by Canada, the United States, Denmark and Norway, the other countries with an Arctic Ocean coastline and an eye on the possible resource riches lying below the polar ice cap. Email to a friend Printer friendly Font: ****Under a new international treaty that has sparked a scientific and diplomatic scramble among polar nations -- a race that's been described as the Earth's last great land grab and Canada's own "moon mission" -- countries face a strict time limit on submitting geological evidence to justify their claims to a piece of the Arctic Ocean sea floor, where a vast oil-and-gas treasure potentially worth trillions of dollars is believed to be locked beneath the ice. "The Russian claims should give new impetus to the Canadian government's efforts to survey the continental shelf northwards from our Arctic islands," Michael Byers, Canada research chair in global politics and international law at the University of British Columbia, told CanWest News Service yesterday. "The stakes are simply too high and time is running out." Dr. Jacob Verhoef, the federal scientist leading Canada's own continental shelf research, said Russia's work along the Lomonosov is "not a complete surprise" -- his team has met with Russian researchers to discuss the ridge--but that their conclusions are premature. "They are jumping the gun," he said. "We don't know what kind of data they have gathered or how they came to those conclusions." He added that there may eventually be "overlapping claims" for the ridge and surrounding areas from Russia, Canada and Denmark, which governs Greenland. "It's too early to say." Canada already exercises control over seabed resources within an economic zone that extends 200 nautical miles from the country's coast. Under UNCLOS, the United Nations Convention on the Law of the Sea, a country can secure rights to seabed territory reaching far beyond the 200-mile limit if it can prove -- within 10 years of ratifying the agreement -- that a portion of the ocean floor is geologically linked to its continental shelf. Canada's deadline for making its case is 2013, and federal scientists led by Dr. Verhoef have recently been co-operating with Denmark to map the Arctic seafloor around the North American terminus of the Lomonosov Ridge. Shortly after taking office last year, the federal Conservative government announced plans to step up Canada's seabed mapping efforts, including along the Lomonosov Ridge, aimed at grabbing its share of Arctic resource wealth beyond the country's 200-mile limit. The government noted at the time that Canada's potential Arctic and Atlantic Ocean claims under UNCLOS amounted to 1.75 million square kilometres -- an area roughly equal to the combined size of Alberta, Saskatchewan and Manitoba. University of Alberta professor David Hik, an Arctic scientist in charge of organizing Canada's International Polar Year research efforts, said that despite the struggles Russian researchers have endured in recent years, they have a "very credible history of scientific research in the North. We have to remember that almost half of the Arctic is in Russia." Mr. Hik said news of the Russian findings on the Lomonosov Ridge need to be verified, but added: "It really underscores the need for Canada to invest in these scientific studies" and to make sure better knowledge of the Arctic environment is "built into our national mission." © National Post 20