[h=1]U.S. sinks Arctic accord due to climate change differences[/h]
U.S. sinks Arctic accord due to climate change differences | Kitco News
ROVANIEMI, Finland, May 7 (Reuters) - The United States has refused to sign an agreement on challenges in the Arctic due to discrepancies over climate change wording, diplomats said on Tuesday, jeopardising cooperation in the polar region at the sharp edge of global warming.
Temperatures in the Arctic are rising at twice the rate of the rest of the globe, and melting ice has opened vast untapped oil and gas reserves to potential commercial exploitation.
A meeting of nations bordering the Arctic in Rovaniemi in northern Finland on Tuesday was supposed to frame a two-year agenda to balance the challenges of climate change with sustainable development of mineral wealth.
A diplomatic source with knowledge of the discussions said the United States balked at signing as it disagreed with wording in the declaration stating that climate change was a serious threat to the Arctic. A second source confirmed that.
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"drill baby, drill"