‘Will Canada Get the Cold Shoulder in the Arctic?’

‘Will Canada Get the Cold Shoulder in the Arctic?’ - Aaron Goldstein - Aug 19, 07: “The key here is the Lomonosov Ridge, an underwater mountain range spanning more than 1,200 miles spanning the Eastern Siberian Sea to Ellesmere Island – the most northern part of Canada. Russia and Canada argue that the ridge is an extension of their continental shelves while the Danes argue it is an extension of Greenland, which is a Danish territory. Given that the polar icecaps are melting (largely attributed to global warming) the Lomonosov Ridge has created new opportunities for both oil and natural gas exploration as well as for shipping. Needless to say whoever prevails will reap an enormous windfall. It will also be a source of immense national pride in all three countries.”

How can anyone determine who owns the area around the North Pole? The most anyone can do is make is a judgment call that will just piss off the other claimers.
I have a solution. Agree to make all Arctic regions outside of the 200 mile territorial boundaries of the nations to be international with those areas managed by the United Nations. The money they get from the natural resources would be used to pay for the management of the area, the cost of UN government and as aid funds for the world.