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NYU Advantages and Disadvantages of Arctic Fossil Energy Industries Paper

 

 advantages and disadvantages of development of Arctic fossil energy industry

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1. Advantages: providing opportunities for various energy extraction and development, transportation and energy company economic benefits, Arctic economic benefits.

2. Disadvantages: Causing local costs and affecting community and native survival. Arctic Social and Environmental Security Impact

It provides opportunities for oil and natural gas extraction and development in remote areas, including the Arctic, but costs the region.It affects community and Aboriginal survival. Remove land from economical and traditional use of resources. The extraction of resources to cost communities may outweigh the benefits.This in turn affects social and environmental security in the Arctic.