Profiting from Global Warming
Tuesday, August 21, 2007
Canada's prime minister Stephen Harper is in talks with President Bush right now, and Harper is asserting his nation's claim to the Northwest Passage through the warming, resource-rich Arctic. An ice-free North Pole would offer important new shipping lanes and an estimated 175 billion barrels of oil and 912 trillion cubic feet of natural gas. Russia and Denmark are also staking their claims to the Arctic, but the United States insists it is international territory. Journalist McKenzie Funk joins us from an Alaskan icebreaker to talk about why cashing in on global warming could become the Great Game of the 21st century. Funk is the author of an article in the September issue of Harper's Magazine called "Cold Rush: The Coming Fight for the Melting North."