News Analysis: Denmark Claims Offshore Arctic Territory extending an additional 150 Miles beyond its current 200 Mile Limit; ergo, an additional million km2 (386,100 mi2) of area . Likely Sub-Seafloor Mineral Deposits make Denmark’s Claim financially worth pursuing. Many other Countries are Claiming the same Territory, therefore, Court Adjudication in coming years will determine the victor.
The United Nations Convention of the Laws of the Sea ‘UNCLOS’ has its Claims Termination date in 2014.
Environmentalists with the Best of Intentions may abhor Arctic Minerals Exploration but until they themselves have Billions of Dollars to Charitably Donate towards operating Countries, Governments will seek the Mineral Wealth of the Arctic. Reality.
Reference: http://cphpost.dk/news/denmark-makes-new-claim-for-arctic-seafloor.7907.html