Businesses are waiting for the countdown of the results of global warming in the North Artic. Even though global warming has a negative effect on environment, wildlife, and ancient culture which is preserved with ice; countries are competing to gain the valuable materials from the ice melting. Melting of Arctic ice will provide with oil, gas, mineral, fish. Also, it made other shipping paths that can ease and accelerate their shipping's time. Countries around the arctic ice are sending warships to those ice islands to make others feel their existence and tried to solve any conflict peacefully. In the last ten years, countries started to notice the great economic effect of the ice melting and started to initiate their work towards the beneficial effect of global warming. United States, Canada, Russia, Denmark, and Norway are the main countries who are trying to get the best profit of the ice melting in North Arctic.
References
Mellgren, D. (n.d.). Riches await as Earth's icy north melts - USATODAY.com. News, Travel, Weather, Entertainment, Sports, Technology, U.S. & World - USATODAY.com. Retrieved October 16, 2011, from http://www.usatoday.com/tech/science/2007-03-25-melting-north_N.htm