Global Warming is Good for Business

Long after we settled down and realized that there just isn't a Northwest Passage, we up and made one for ourselves. According to scientists, this summer the Arctic sea ice has shrank to the smallest area on record. That meant that, according to the Telegraph, "The ice, which melts in summer months and regrows in the winter cold, shrank so much this year that the route became fully navigable for around five weeks."

How exciting! Of course we're still on track to lose millions of miles of coast land, habitats for uncounted species will be destroyed or disturbed, and sure, there will be issues of wild and uncontrollable weather that will kill millions of people, and sure it looks like there's going to be some interesting chest thumping by nations claiming some of that space, but we'll have the Northwest Passage!

For instance, the Edmonton Sun notes that: "From an economic standpoint, Canada's North holds potential for oil and gas extraction as well as diamond and uranium mining." And ABC News notes that: "Under that seafloor lie giant, but largely unexplored, oil and gas fields. Over it are new, warm-water fisheries, all now accessible as ice melts away."

Can't you just feel the tingles of excitement in CEOs around the world?