| Decreasing ice masses open up the Northwest Passage |
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2008-06-30 12:18:50 Yet another report (The European Aero-space bureau, ESA, reported on the same thing in December) establishes that the decreasing Arctic ice masses could result in the navigability of the desirable international mercantile shipping, the Northwest Passage, between Europe and Asia. The Northwest Passage has a total span of 5.150 km. According to the ESA report, it was during the past summer that the Northwest Passage was navigable for the first time in recorded times. As recently as in 2005, however, the situation was quite the opposite. The ice situations can vary greatly from one year to another. Peter Semotiuk, Canadian and an experienced yachtsman who is based in Cambridge Bay, counts on an all-time high number of yachtsmen trying to traverse the Northwest passage. However, he thinks that more and more icebergs have come off in the East Arctic, considering the continued de-glaciation of the glaciers by Greenland and outside the Canadian east coast.An additional issue as a result of the accelerating de-glaciation is the question of who actually controls the strategic trading route. On several occasions, Canada has emphasized that they see the Northwest Passage as part of their territorial waters. The USA, Russia and other countries, on the other hand, claim that it should be considered an international water way. 
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Save Earth Fund invests in renewable energy, environmental technology and water management through actively managed funds, ETFs and stocks. The fund is the only of its kind in Sweden. Our aim is to generate a return that clearly exceeds that of the MSCI World index, with a lower than the average risk of environmental funds. No minimum investment. The management fee is 1%. Daily subscriptions/redemptions. Mr Carl Bernadotte, Mr Alexander Jansson and Mr Marcus Grimfors are responsible for managing the fund. Learn more about our managers here. |