Melting Ice Isn’t Opening Arctic to Oil Bonanza
By STEVEN LEE MYERS and CLIFFORD KRAUSS: SEPT. 7, 2015
TERIBERKA, Russia — The warming Arcticshould already have transformed this impoverished fishing village on the coast of the Barents Sea.
The Kremlin spent billions in the last decade in hopes of turning it into a northern hub of its global energy powerhouse, Gazprom. It was once the most ambitious project planned in the Arctic Ocean, but now there is little to show for it aside from a shuttered headquarters and an enormous gravel road carved out of the windblown coastline like a scar.
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