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Will the Melting Arctic Really Open the Region to an Oil Bonanza?

2015-09-08 13:47:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: The Kremlin spent billions in the last decade in hopes of turning it into a northern hub of its energy powerhouse, Gazprom. It was once the most ambitious project planned in the Arctic Ocean, but now there is little to show for it aside from a shuttered headquarters and an enormous gravel road carved out of the windblown coastline like a scar. "There are plans," said Viktor A. Turchaninov, the village's mayor, "but the facts - the realities of life - suggest the opposite." The dream of an Arctic...

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