
Who will own the North Pole?
Due to this, Norway, Russia, Canada and Denmark launched projects to base claims that certain Arctic sectors should belong to their territories. The United States has signed, but not yet ratified this treaty.
http://en.wikipedia.org/wiki/Territorial_claims_in_the_Arctic
Which country will own the territory in which the North Pole lays, as determined by the Commission on the Limits of the Continental Shelf (CLCS) (1) with respect to the United Nations Convention on the Law of the Sea (2)
1) http://www.un.org/Depts/los/clcs_new/clcs_home.htm
2) http://www.un.org/Depts/los/convention_agreements/texts/unclos/UNCLOS-TOC.htm
Settlement details:As reported by a major mainstream news source. Suspend date adjustable. Settlement on announcement of the CLCS on ownership of that particular part of the Arctic. Settles the specific country (or "Any other country") if the CLCS grants it to that country. If it is granted to multiple countries it settles "Multiple countries". If it is granted to any other owner like organization or institute, or legal persons, or it determines to have no owner, it settles "No country".
| Russia |
| ||||
| Canada |
| ||||
| Denmark |
| ||||
| Norway |
| ||||
| USA |
| ||||
| Any other country |
| ||||
| Multiple countries |
| ||||
| No country |
|
- Activity: H$63,944 |
- Predictions: 267 |
Comments: 19
Suspend date: Thu 31st Dec 11:59pm PST (5 weeks to go)
Initial likelihoods: Russia: 15%, Canada: 15%, Denmark: 15%, Norway: 15%, USA: 15%, Any other country: 5%, Multiple countries: 10%, No country: 10%
Action history:
Suspend date: Thu 31st Dec 11:59pm PST (5 weeks to go) details
Predictions (267)
Comments (19)
Related News
This news is selected automatically based on the question, its background, options and tags

Related Tags








Personally, I think it should go to Poland... :-)
Yes, but that's already the case. If there is no defined settlement date, this "decision" will be difficult to determine.
from the settlement details "or it determines to have no owner" would also cover "being international waters". it just has to be determined (again) by that specific UN institution.
Caution: there is a 10 year period to make claims after the country ratified the UN convention on the Law of the Sea (which the US has not done yet), which makes this question a potential long term market (in matter of years or even decades).
pps.. Anyone want to buy it from me?
My guess: the entire thing will be sliced up into many parts with mostly convoluted, complex borders. The winner will be the oil companies. The loser will be the environment.
"The Danish autonomous province of Greenland has the nearest coastline to the North Pole, and Denmark argues that the Lomonosov Ridge is in fact an extension of Greenland. "
The irony here is that this is all being fought over rights to the reserves of oil estimated to lie under the Arctic Ocean, of course...but the arguments wouldn't be taking place at all if oil-fueled global warming hadn't melted the Arctic sea ice enough to make exploration/exploitation possible and profitable. :-|
I think the Ruskies, actually planted a flag on the arctic floor beneath the North pole a few years ago, in a modern day "land grab" kind of thing.
Please log in or join to add a comment