In 2010 the Canadian Arctic experienced its warmest year on record. At the end of 2012, the World Meteorological Organization (WMO) announced that the Arctic Sea ice is at record low. Suddenly the area's resources- oil, gas, iron ore, uranium, even diamonds- have never seemed so accessible. Energy and mining companies are now descending on the north, viewing the melt as a big business opportunity.
But are those really worth the risks? Do we really want to continue investing in fossil fuels while it has been proven that those are the main cause of global warming? What lessons should we really draw from the Arctic melt? This Greens/EFA conference aims at taking a closer look at the climate impacts in the region, give the chance to both investors and green groups to give their opinion on offshore drilling and finally look at what the role of the EU really is in the region.