no territory in the region like china and india have managed to achieve observer status in the arctic council the e.u. also striving for influence has had its application deferred artie's kitty pilgrim has more on what's luring world powers to the arctic as a climate in the arctic surges the scramble to secure multi-billion dollar deals and it's no wonder when you consider according to the latest estimate is enough to supply the entire world for three years with a growing energy demand and increasing gas guzzling population is the unlikely contender in the race to secure a foothold in the l. tick a china has been wooing russia providing. an trans death with a twenty five billion dollars to build an oil pipeline from siberia to china as well as paying rough sniffed an additional sixty billion dollars to develop offshore fields in the arctic and china has also struck up a business relationship with iceland and as a result these tactics managed to secure a place on the arctic council for china along with the founding members the likes of norway and canada which of course have a geographical righ

arctic six countries with no territory in the region managed to achieve observer status in the arctic council china india and japan among them the e.u. also striving for influence had its application deferred artie's katy pilbeam has more on what's luring the world powers to the arctic. as the climate heats often in our take such as the scramble to secure multi-billion dollar deals and it's no wonder when you consider according to the latest estimates there's enough to supply the entire world for three years but with the global economy in such a fragile state energy to dwindling of course and the shell gas boom in full force to this begs the question do we need the arctic or ally also constantine sima off from the national energy security fund exactly that the will had price of oil knew that to say so shale gas is not so cheap because sometimes the people there will come to the price of the market but sometimes you know it's the full story because of the price for example shale gas. is not. you know it's not that all expenditures of producers because sometimes the market price can be low. the

theater or for economic and political interests and this was formally our longest in may when the arctic council transformed itself in such a way that the eleven biggest economies in the world including russia have now come together the arctic tape we're told this is a big challenge for my small country how do we know how deep is the years to come in the line toward experience from the financial crisis on the economic boom of the of the early parts of the before century with all these new war rivals made sure economic powers to me that this both politically economically and intellectually very challenging but now we have a situation china japan india and the problems in germany and all of us have come to this table not just because of the resources but because of the melting of the arctic sea ice is now opening a little short of the distance between a europe and america by over forty percent. and just around the corner pulling a fast fade away as one country. tends to local volunteer groups to help put food on the table of both. the full story coming up. with. technology innovation all the devel

the strongest foot in the door of the eight states with territories in the frozen region of the arctic council consists of those eight countries with russia canada and the u.s. boasting the biggest bites what is your position of reports on what's being done to protect the ecology amidst the race for the black gold. initially the idea was foot forward by the president here in silly thought the only city located exactly all of the arctic circle. is definitely the most important issue being discussed we've got over four hundred experts international experts who arrived here to discuss these problems and the general understanding is that the climate in fact has changed temperatures have in general warmed up in the arctic melting the ice caps and opening new opportunities clearly for different countries to develop its vast natural resources and also new trade routes like the northern trade route which is actively now being used by countries like china with the help of russia since well just the figures tell the story by themselves four ships heading say from beijing to rotterdam it takes around two

a historic decision was made to welcome several asian countries as permanent observers to the arctic council. we have a chinese cargo ship now passing through the northern sea route. so as the opening of the arctic happens, the geopolitical dynamics are changing, and i'm sure the president will hear from his colleagues about that. and finally, one word on the bilateral discussion between president obama and the swedish prime minister. sweden has been an extraordinary ally across a range of issues. they have troop personnel in afghanistan, approximately 600. they were on standby for operations in libya. they've contributed over a hundred troops in mali. for a neutral country, this is a robust level of engagement, and i think we have certainly appreciated that great solidarity. the breadth of the conversation clearly, prime minister reinfeldt will want to provide president obama with an update on the european debt crisis, although that has certainly faded from the top of the agenda. this is going to be the first time that the president returns to europe after his visit following the g-8 and th

also noteworthy is the timing of this assault as you know it happened while russia and other arctic council countries were discussing ecological situation in the region what more can you tell us about. well it's the third time that russia is organizing this forum this particular forum and like i said it's all about the environment around four hundred experts from across the world have gathered here we've heard from the president's office russia finland iceland representative of the arctic council as well and the basic understanding is that while the vast energy resources that are held. within in the arctic are definitely going to be developed there's no no avoiding that but. there the attention which that needs to be done with is quite serious according to the president going to fortune. the companies only only rather the companies with experience and the financial resources have to be allowed to work there since like i said earlier it's widely understood that any accidents or any misuse would lead to severe consequences which would be left basically for future generations of the world to d

world we've heard from the presidents of russia finland iceland and the representative of the arctic council all talking about environmental issues and environmental security of the arctic in general like i said it's widely understood that any misuse or accidents will lead to severe consequences which the future generations will have to deal with that's why according to president putin only companies with experience working in the arctic and the financial resources to do it properly have to be allowed to develop energy there is a recognition that there is a strong connection between the changes in the natural environment and social economic conditions i am of the a billion that. we do not have to back up we are going forward there are all kinds of really remarkably new ways of providing energy not only about current energy projects and future energy projects but also about cleaning up the heritage of the cold war era like abandoned military bases military hardware tens of thousands of barrels with oil which are still there left not only by the soviet union but by the united states and canada

business relationship with iceland and as a result these tactics managed to secure a place on the arctic council for china along with the founding members the likes of norway and canada which of course have a geographical right to the area. and let's not get more on the issues and across to canada and michel chossudovsky director of the center for research and globalization is here with us. here welcome to our city so just how hot can things get over the arctic with all those nations involved who want to lay their hands or no or they have to meet a twenty plus percent of all in gas. well we have to look at the issue of the claims the territorial claims the strategic interests. are significant because it is estimated that the arctic region has something of the a lot of twenty five percent of global or oil and gas reserves but we should understand that the u.s. transporter territory it's much smaller than that of russia canada and denmark and in fact. in fact the united states does not really have territories bordering. oh very limited territories bordering the arctic ocean and we have to distingu

world we're heard from the presidents of russia finland iceland and a representative off the arctic council all talking about environmental issues and environmental security off the arctic in general like i said it's widely understood that any misuse or accidents will lead to severe consequences wished future generations will have to deal with that's why according to president putin only companies with experience working in the arctic and the financial resources to do it properly have to be allowed to develop energy there it's a responsibility i would i would say in a cascade globally we have to work together nations have to work within them their own borders and among others in the border all the way down to those of us who live in our own homes i am of the opinion that that we do not have to back up we're going forward there are all kinds of really remarkably new ways of providing energy not only about current energy projects and future energy projects but also about clean up. heritage of the cold war era like abandoned military bases military hardware tens of thousands of barrels of oil

representative of the arctic council all talking about environmental issues and environmental security of the arctic in general like i said it's widely understood that any misuse or accidents will lead to severe consequences which the future generations will have to deal with that's why according to president putin only companies with experience working in the arctic and the financial resources to do it properly have to be allowed to develop energy they're not only about current energy projects and future energy projects but also about cleaning up the heritage of the cold war era like abandoned military bases military hardware tens of thousands of barrels with oil which are still there left not only by the soviet union but by the united states and canada and it's also widely understood here that it's not only the responsibility of one country to clean that up but really the responsibility of the international community. as world power is teaming up to discuss how to better protect the arctic psychology dispute over its massive oil and gas fields are definitely heating up it also includ

business relationship with iceland and as a result these tactics managed to secure a place on the arctic council for china along with the founding members the likes of norway and canada which of course have a geographical right to the area. and i can see president all of her grandson is in russia to talk to corporations president putin worlds apart hosts on a boy go caught up with him and here's a quick look. the theory. of america britain and the seventy's of the eighty's the more you have to regulate t.v. the more of free time you gave to the financial markets the more you privatized everybody will be prosperous everybody will be happy and this was the all that she which was presented to us economic science and then of course we found out when the banks collapsed this formula was poisonous washed ensures and a force very costly experience very challenging experience but yes since we have launched some very hard lessons. and just around the corner we fast food aid in one country. tends to local volunteer groups to help food on the table but. the full story. secret laboratory. was to build a mos

could go all the way up to piracy and terrorism ok i know this is happening in russia and the arctic council members are actually trying to deal with ecological issues in the region tell us more about that. well russia for the third time is hosting the arctic international forum this time in the city of the only one located exactly on the lie of the arctic circle over four hundred experts have gathered here and one of the main issues being discussed is the environment in the arctic it truly this region holds vast natural resources of the general understanding here is that the temperatures in the arctic have in general warmed up opening up new opportunities for countries to develop these natural resources and a lot of attention is now focused on preserving the environment when it comes to new development projects but also a lot of attention is being paid to the heritage a left from the cold war era by the soviet union by the united states by canada we're talking about abandoned military bases lots of military hardware scientific hardware as well tens of thousands of barrels with fuel and that

business relationship with iceland and as a result these tactics managed to secure a place on the arctic council for china along with the founding members the likes of norway and canada which of course have a geographical right to the area. all the developers from the arctic for hay on r.t. plus stay with us for all the other news coming up right after a very short break. technology innovation. development program. the future avar. wealthy british style stock. market why not. find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to kaiser report. this is also welcomed by. security forces combing nairobi's westgate mall the site of kenya's was a terrorist attack and fifteen gez the al shabaab islamist group responsible for the household claims its members are still holed up inside the number of hostages meanwhile kenya's foreign minister says a case to americans and of worship is and are among the all kinds of things insurgents that carried out that trial city and there are reports that a british woman some

arctic. street violence police fired tear gas at furious crowds trying to storm the offices of the far right golden dawn party following the killing of an anti-racism musician . compliance the u.n. security council inches closer to a resolution on syria's toxic weapons and the use of force has been a stumbling block.

arctic oil rig protesters for two months. to start to come to life in moscow. welcome to the program. now there's been a much needed breakthrough at the u.n. security council as its permanent members agree on a draft resolution overseeing syria's chemical weapons disarmament and as russia has long been insisting it doesn't contain any threat of outside military action now we has more on the deal which seemed to be impossible from the outset. this is a major break for her when you think about how less than a month ago it looked like russia and the u.s. would never agree and obama was rallying support and getting ready to bomb damascus the resolution vote on syria's chemical weapons is expected friday and outlines a legally binding compliance but no threat of sanctions or military action and the five permanent members of the u.n. security council reached an agreement on thursday over the exact wording of binding and enforceable tax to eliminate stockpiles of according to the geneva according to the geneva agreement put forward by russia and the u.s. now the resolution doesn't allow for immediate chapter seven action of the u.n. charter in the case of noncomp