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A report by the Eurasia Group for the Wilson Center's Canada Institute. 

As climate change renders the Arctic increasingly accessible, there has been a substantial uptick in industry interest in the region; it is believed an estimated $100 billion could be invested in the Arctic over the next decade.The Arctic contains vast oil and natural gas reserves - the U.S. Geological Survey estimates the Arctic could contain 1,670 trillion cubic feet (tcf) of natural gas and 90 billion barrels of oil, or 30 percent of the world’s undiscovered gas and 13 percent of oil. Energy companies are certain to be at the forefront of Arctic development and investment.

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About the Author

Emily Stromquist

Associate, Global Energy and Natural Resources
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Canada Institute

The mission of the Wilson Center's Canada Institute is to raise the level of knowledge of Canada in the United States, particularly within the Washington, DC policy community.  Research projects, initiatives, podcasts, and publications cover contemporary Canada, US-Canadian relations, North American political economy, and Canada's global role as it intersects with US national interests.  Read more