Larger carnivores in the Southern Arctic include the grizzly bear, black bear and polar bear as well as wolves. The most common large herbivores are barren-ground caribou, woodland caribou, moose, and muskox. Smaller carnivores, such as the red fox, arctic fox, lynx, coyote, weasels, wolverine and ermine prey on smaller herbivores, which include the arctic ground squirrel, brown lemming, showshoe hare, arctic hare masked shrew, tundra redbacked vole , and beaver. Aquatic mammals include walruses, various seals, belugas, and narwhals. All of these animals are hunted/trapped for food and their pelts, which are highly prized by companies for making fur coats, sweaters and shoes.
Oppurtunities in this area is for hunting, trapping, fishing and mining/oil exploration to find oil and rare/useful minerals