(1888PressRelease)
June 21, 2009 - The new Arctic Policy signed by the former US President “reminds the world that the Arctic matters to the United States,” said Mead Treadwell, Chair of the U.S Arctic Research Commission (USARC). “Our opportunities and responsibilities in the Arctic are increasing with climate change. The Arctic Ocean is becoming more accessible to the world, and this policy responds to these new realities.”
Financial Business Solutions Worldwide recognized the need for Arctic Research Policy modifications and reviewed with Regulatory Officials how the possible policy could impact the advancement of understanding in the region.
The U.S. Arctic Research Commission proposed a review of U.S. Arctic Policy in a goals and objectives report sent to the President two years ago. The last time Arctic Policy of the United States was reviewed and revised by the National Security Council was 1994, and much change in the Arctic has occurred since, both in the environment and in international relations.
“The Commission commends the National Security Council and the Department of State for their leadership of this policy review, and looks forward to working with the next Administration, the Congress, the State of Alaska, and the international research community to see the research goals in the policy realized,” Treadwell said.
“The policy should give a boost to Arctic research on climate, environment, economic opportunities, and the requirements of Arctic peoples. The policy reflects the need for increased international collaboration on scientific research and monitoring, and for ensuring better access for scientists in the Arctic Ocean.”
FBSW Officials concurred with Treadwell's remarks and affirmed that any boost in understanding the Arctic Region would always be a welcome sight.
On the Law of the Sea Convention, the policy promotes Arctic exploration and research as a means to expand our nation's offshore Arctic territory consistent with the United Nations process. The policy also gives strength to efforts now pending in Congress to provide the U.S. with icebreaker capacity to operate year-round in Arctic waters. Icebreakers will serve many missions in the Arctic, including their current role as a primary platform for U.S. Arctic Ocean research.
FBSW Officials stressed the importance of the Law of the Sea Convention and said the new policies would actually benefit some of the company's current applicants seeking to assist in this cause.
To follow up, the Commission continues to support the eight-nation Arctic Marine Shipping Assessment, associated with the Arctic Council, to be published this spring. “That document will give nations the background to ensure that Arctic shipping will be safe, secure, and reliable,” Treadwell said.
Because the U.S. has many important and strategic interests in the Arctic, the USARC has called for research efforts in five broad categories: (1) environmental change of the Arctic Ocean and Bering Sea; (2) Arctic human health; (3) civil infrastructure; (4) natural resource assessment and earth science; and (5) indigenous languages, identities, and cultures.
FBSW Officials announced after long deliberations with Regulatory Officials that principals seeking financing in these categories would be met with a welcome hand in the company's submission's department.
Financial Business Solutions Worldwide LLC specializes in educating business owners on the new needs for financing in today's environment and brings the realm of project financing & structured financing as an option in today's corporate finance depression.
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