Mat McDermid is a team member at GreenOrder, an LRN Advisory Group. GreenOrder is a strategy and management consulting firm that helps leading companies make environmental innovation a catalyst for competitive advantage and profitable growth.
Climate change means we'll have access to Arctic shipping passages, but the emissions savings from reduced shipping distances can't offset the release of emissions from the melting of the Arctic itself.
The extractive industries are preparing to swoop in and capture their shares of Arctic oil and gas as the top of the world loses its ice cover. Here's how they can approach it with caution, transparency and risk mitigation in mind.