Observer Status: Debt Corruption and Oil Gas

observer status: Speaking on the eve of a meeting of the eight members of the Arctic Council, Pompeo took on Beijing and Moscow, according to The Independent. China's pattern of aggressive behaviour elsewhere will inform how it treats the Arctic, he said. Just because the Arctic is a place of wilderness does not mean it should become a place of lawlessness, he said. The new cold war drilling for oil and gas in the Arctic Read more He warned against scenarios whereby nations become ensnared by debt and corruption, of low-quality investments, militarisation and uncontrolled exploitation of natural resources, all of which he said were potential effects of allowing rising Chinese influence. While the US and Russia are members of the Arctic Council, China holds only observer status in the cooperation body. Do we want the Arctic Ocean to transform into a new South China Sea, fraught with militarisation and competing territorial claims he said. (news.financializer.com). As reported in the news.