I'm probably not an expert in that field. On the other hand, the resources, whether they be in the Arctic or south of 60 degrees, still belong to Canada. So for another country that wants to come and use them and exploit them, the rules will be there as well. My very simple analysis would be that this will not affect the sovereignty of Canada. There are rules that will stop somebody from going there. It's not the wild west anymore. I don't believe that will have an impact on that front for anything that belongs to Canada.
On April 27th, 2009. See this statement in context.