China Wants to Invest in the Arctic. Why Doesn’t Canada?

The vast mineral deposits of zinc and copper near Izok Lake, in the Northwest Territories, lay glittering but ultimately untouchable until August 2019, when trans­port minister Marc Garneau pledged $21.5 million in federal funding toward the first phase of development for the Grays Bay Road and Port Project, a trans­portation network designed to cash in on the opening of the Arctic. This money would add to the $40 million allocated to building a series of roads across the Nunavut–Northwest Territories border, which will help connect Izok Lake to the deepwater port at Nunavut’s Grays Bay, located along the increasingly ice­-free Northwest Passage sea route that leads to Asia.

https://thewalrus.ca/china-wants-to-invest-in-the-arctic-why-doesnt-canada/

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