The Coming Cold War.

This could be a really cold war.
Canada is staking out its claim to the North Pole, according to the Globe and Mail newspaper. Russia and Denmark want it too.
The reason for this interest in the frigid north is money. The Arctic is believed to contain as much as a quarter of the world’s undiscovered energy resources, according to the Globe and Mail.
Add in all those melting blocks of ice and new seaways, and exploration and development of any discoveries  would be easier.
There’s also a political angle for Canada: The interest of its prime minister, Stephen Harper. He favors developing the area in the interest of the 120,000 who live in Canada’s North.
The first step will come Friday, the deadline for its application to the United Nations Commission on the Limits of the Continental Shelf to take over part of the Arctic seafloor. Canada can seek to go beyond the internationally recognized limit of 200 miles from its coast if it can show the seabed is part of its continental shelf. The 10-year time limit for making a claim is different for every Arctic country because it depends on when it ratified the U.N. Convention on the Law of the Sea.
Russia used that reasoning in an application more than a decade ago and has been told to gather more evidence. It still plunked down a Russian flag on the North Pole seabed in 2007.