Global warming is melting the arctic polar ice cap at an alarming rate. At the same a race is on for the natural resources, such as gas and oil, which previously have been inaccessible because of the ice. The more oil and gas consumed, the faster the arctic polar ice cap will melt. The five arctic coastal States: Russia, USA, Canada, Norway and Denmark (through Greenland) have the sovereign right to extract natural resources from their respective continental shelf. Where a coastal State intends to establish, in accordance with article 76 of United Nation Convention on Law of the Sea…