Monday, February 7, 2011

Billions in Canadian Shipbuilding Contracts - Arctic Sovereignty at Stake

You cannot claim it if you cannot patrol it... Arctic claims means new ice breakers

According to a report from The Globe and Mail, Stephen Harper is poised to kick off the greatest round of government shipbuilding in Canada since the Second World War. Pegged at $35b, the sums involved easily dwarf the funds committed for the Conservatives' controversial plan to buy $9b worth of F-35 fighter jets from Lockheed Martin. The report said this will ultimately pit three regions of Canada against each other and force a difficult choice upon Harper. He'll have to decide which region to leave out in an election year: the East, the West or Quebec.

Arctic Sovereignty - territorial claims

Russia, United States, Canada, Norway and Denmark via Greenland are limited too an exclusive
economic zone (EEZ) of 200 nautical miles adjacent to their coasts. Under United Nations
Convention on the Law of the Sea (UNCLOS) a country has a ten year period to make claims to an
extended continental shelf, if validated, gives it exclusive rights to resources on or beloow
the seabed of that extended area. Billions if not Trillion are at stake.

No comments:

Post a Comment