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Look Out, Santa: Russia Claims North Pole

Rich oil and gas reserves lie beneath ownership dispute

By Jason Farago,  Newser Staff

Posted Aug 1, 2007 12:09 PM CDT

(Newser) – Russian ships will arrive at the North Pole today as part of Moscow's effort to claim a 1,240-mile area of the Arctic—and with it, more than $2 trillion in oil and gas reserves. The Telegraph reports that the fleet will deposit a Russian flag at the bottom of the Arctic Ocean in a symbolic assertion of underwater ownership.

Global climate change and discoveries of submerged natural resources have elevated disputes over Arctic sovereignty, with the US, Canada, and Denmark all eager to stake claims. Vladimir Putin has been particularly aggressive in his Arctic pursuits; the Russian president made a speech this year aboard a nuclear-powered ice-breaking vessel.

Russian legislator Artur Chilingarov, left, and Russian President Vladimir Putin, right, seen during a welcome ceremony at the residence of South African President in Cape Town, in this Tuesday, Sept. 5, 2006 file photo. Russian scientists hope to plunge to the seabed beneath the North Pole in the next few...
Russian legislator Artur Chilingarov, left, and Russian President Vladimir Putin, right, seen during a welcome ceremony at the residence of South African President in Cape Town, in this Tuesday, Sept....   (Associated Press)
A Russian polar explorer looks on while standing aboard a research vessel which navigates somewhere in an undisclosed location in the Arctic Ocean in this image made from television broadcast Wednesday, Aug. 1, 2007. Russian scientists hope to plunge to the seabed beneath the North Pole in the next few...
A Russian polar explorer looks on while standing aboard a research vessel which navigates somewhere in an undisclosed location in the Arctic Ocean in this image made from television broadcast Wednesday,...   (Associated Press)
A Russian miniature submarine is lowered into water from the research vessel Akademik Fyodorov to perform test dives somewhere in the undisclosed location in the Arctic Ocean in this image made from television broadcast Wednesday, Aug.1, 2007. Russian scientists hope to plunge to the seabed beneath the North Pole...
A Russian miniature submarine is lowered into water from the research vessel Akademik Fyodorov to perform test dives somewhere in the undisclosed location in the Arctic Ocean in this image made from television...   (Associated Press)
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