It is difficult to travel far in the Arctic without encountering the workings and effects of the global capitalist industrial system, decades of socialist ideological excess, or reminders of how strategically important the region was during the Cold War.
The Lupin gold mine , the only mine left in the southern ecozone
The arctic ecozones, representing Canada's last natural resource frontier, are rich in mineral and hydrocarbon resources. Since 1989, however, the value of total metallic mineral production has fallen drastically due to a weak global market. The Lupin gold mine is now the only mine operating in the Southern Arctic Ecozone.
The arctic ecozones have 59% of Canada's estimated oil resources and 48% of potential gas resources, but there has been no substantial development since the 1980s. This is largely due to external factors, such as low crude oil prices and the global recession. Tourism is also significant to the economy, generating $11.8 million for arctic businesses in 1993.
The arctic ecozones have 59% of Canada's estimated oil resources and 48% of potential gas resources, but there has been no substantial development since the 1980s. This is largely due to external factors, such as low crude oil prices and the global recession. Tourism is also significant to the economy, generating $11.8 million for arctic businesses in 1993.