DAILY INNOVATION BRIEF by Maryanne Kane, Journalist
D A ILY INNOVATION BRIEF By Journalists Edward Kane & Marya nne Kane BIG OIL & GAS: THANK YOU CLIMATE CHANGE Source: Stock $7 trillion worth of petroleum reserves have been exposed in the Arctic due to Climate Change melting ice. Here's what we know: The treasure trove of petroleum in the Arctic is being called a modern-day Gold Rush Corporations and nations are poised to make trillions of dollars on it 90 billion barrels of oil are soon to become available as ice melts 84% of the petroleum is said to be offshore Additionally, nearly 1.7 trillion cubic feet of natural gas and 44 billion barrels of liquid natural gas are estimated to be there by the US Geological Survey Arctic countries like the US and Canada hold rights to drill in their territory Russia's Gazprom is already drilling Big oil sees this as a major business opportunity Greenpeace sees this as a bi