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Posted Tue Nov 6 2012: from
Reuters:
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Insight: Great expectations fill Greenland as China eyes riches http://apocadocs.com/s.pl?1352226995
...With global warming thawing its Arctic sea lanes, and global industry eyeing minerals under this barren island a quarter the size of the United States, the 57,000 Greenlanders are wrestling with opportunities that offer rich rewards but risk harming a pristine environment and a traditional society that is trying to make its own way in the world after centuries of European rule.
Great expectations could lead to greater disappointments, for locals and investors. Yet a scramble for Greenland already may be under way, in which some see China trying to exploit the icebound territory as a staging ground in a global battle for Arctic resources and strategic control of new shipping routes.
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[Read more stories about:
arctic meltdown, capitalist greed, feedback loop, economic myopia]
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