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10/04/2004:

"Denmark to Claim North Pole, Hopes to Strike Oil"

COPENHAGEN (Reuters) - Denmark aims to claim the North Pole and hunt for oil in high Arctic regions that may become more accessible because of global warming, the Science Ministry said on Monday.

It said Denmark would send an expedition to try to prove the seabed beneath the Pole was a natural continuation of Greenland, the world's biggest island and a Danish territory whose northern tip is just 450 miles from the Pole.

Science Minister Helge Sander said last week success would give Denmark access to ``new resources such as oil and natural gas.''

The potential return would outweigh the 150 million crowns ($25 million) that Denmark has allocated to the investigation.

The Danish bid rests on a U.N. convention allowing coastal nations to claim rights to offshore seabed resources. Countries that ratify it have 10 years to prove they have a fair claim to the offshore territory and its resources.

``First we have to make the scientific claim. After that there will be a political process with the other countries,'' said Science Ministry official Thorkild Meedom.

Other claimants to the area, with the Pole itself, include Russia, Canada and Norway. The United States may also make a claim.

``We're seeing a growing focus on and fight for the resources in the Arctic, especially as the global warming makes the region more accessible,'' said Samantha Smith, director of the WWF environmental group's Arctic Program.

Full Article: Reuters

Ok. How insane is this?