Bloomberg, August 26, 2008 - “Beneath the melting ice of the Arctic Ocean, the world’s last great land grab is under way.  Global warming is opening the Northwest Passage that sailing ships sought 500 years ago, and some of the world’s biggest oil reserves are becoming accessible under the polar sea. Russia, the U.S., Canada, Norway and Denmark are jockeying for territory in moves that could end up in clashing claims.  With an eye on asserting Canada’s stake, Canadian Prime Minister Stephen Harper and his cabinet will travel this week to the Arctic town of Inuvik, as the country completes its largest- ever military exercise in the region. The town, where the summer sun never sets, lies 4,100 kilometers (2,548 miles) from Ottawa.” Read more.