121. A Race to the Top: Oil Gas Exploration in the Canadian Arctic
- Author:
- Michael Kuzik
- Publication Date:
- 05-2011
- Content Type:
- Journal Article
- Journal:
- Journal of Military and Strategic Studies
- Institution:
- Centre for Military, Security and Strategic Studies
- Abstract:
- Economic forces will ultimately determine the destiny of the Canadian Arctic, not displays of military force. Economic opportunity will prove far more cost effective and longer lasting than increasing the visibility, or even effectiveness, of Canada's military in the Arctic. Some observers expect the mounting evidence of a treasure trove of hydrocarbons on land and under the sea in Canada's Arctic to act as the economic catalyst. However crude oil and natural gas exploitation in Canada's North is fraught with a myriad of challenges. This paper will shed light on the harsh climactic, economic and political realities of oil and gas exploration and development in the Canadian Arctic. Climatic conditions, even in the wake of evidence of climate change, will still be extreme as will the distances and the topography. First and foremost the economics have to make sense; a profit has to be available to entice the capital needed for developing the north's vast hydrocarbon potential. Additionally, the political realities include pollution mitigation and outstanding native land claims.
- Topic:
- Economics and Environment
- Political Geography:
- Canada