Robert Blaauw, Royal Dutch Shell Plc’s senior Arctic adviser, says his company is interested in the Arctic not for today but for 2050 — when power use will have doubled and two-thirds of energy will still come from fossil fuels.
By John Lippert – Oct 2, 2013 10:47 PM GMT+0100
Extracts from extensive Bloomberg Markets Magazine Article
The Arctic has heated up twice as fast as the rest of the planet in the past three decades. By August 2013, sea ice had lost 76 percent of its volume compared to 1979, according to the University of Washington’s Polar Ice Center. Citing core samples taken from ice sheets, the Intergovernmental Panel on Climate Change, a United Nations group, reported on Sept. 27 that the three main gases blamed for global warming –carbon dioxide, methane and nitrous oxide — are at their highest level in at least 800,000 years. read more
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