Tuesday, September 8, 2015

Melting Ice Isn’t Opening Arctic to Oil Bonanza

TERIBERKA, Russia — The warming Arctic should already have transformed this impoverished fishing village on the coast of the Barents Sea.
The Kremlin spent billions in the last decade in hopes of turning it into a northern hub of its energy powerhouse, Gazprom. It was once the most ambitious project planned in the Arctic Ocean, but now there is little to show for it aside from a shuttered headquarters and an enormous gravel road carved out of the windblown coastline like a scar.
“There are plans,” said Viktor A. Turchaninov, the village’s mayor, “but the facts — the realities of life — suggest the opposite.”

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