Full Title: True North: Economic Freedom and Sovereignty Must Be at the Heart of the U.S. Chairmanship of the Arctic Council
Author(s): Luke Coffey, Steven Groves, Daniel Kochis, and Brian Slattery
Publisher(s): The Heritage Foundation
Publication Date: 04/2015
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The United States takes over the chairmanship of the Arctic Council from Canada on April 24 during the Arctic Council Ministerial Meeting in Iqaluit, Nunavut, Canada. The Arctic region, commonly referred to as the High North, is becoming more contested than ever before. The region is rich in minerals, wildlife, fish, and other natural resources. According to some estimates, up to 13 percent of the world’s undiscovered oil reserves and almost one-third of the world’s undiscovered natural gas reserves are located in the Arctic. Holding the chairmanship offers the U.S. an opportunity to shape the policy agenda in the region. The U.S. should focus its chairmanship on establishing achievable goals.