I’m not sure that this is actually known. Suppose that the Northwest Passage “became ice free” for a week or two in 1936. Would the world have necessarily known about it?
Just to add to my previous post, here is a National Geographic article from 2007:
That sounds somewhat believable to me.
The trouble with speculative investing is that it’s . . . speculative:
So I guess it’s a bit early to say if he is screwed.
A more reasonable question would be, can we tell if the Northwest Passage was open during the Medieval Warm Period or the Holocene Maximum?
I’d doubt it. It’s still dangerous, and full of random icebergs, if no longer icebound. No one’s ever gone there, so no one’s really mapped out sandbars, shoals, etc. for domestic shipping. Besides, the world’s changed. We have a canal in Panama, an extensive US railway system, and a Trans-Siberian railroad. Those were what was missing, way back when.
Yes, but US nuclear attack subs were always prowling around under the ice, ready for a strike against the USSR. There was little Canada would/could do about that (as a specific policy, if not general sentiment.)
I agree 100%. I was trying to limit myself to the statement made in the OP.
I thought Antarctic cores were the source of data extending that far back into the Quaternary Period (and probably a more accurate source than Greenland ice sheet data), and that what goes back that far (with any certainty) for global data is an only (an extrapolation for) atmospheric CO2 levels, since any temperature inferences would necessarily be local to the area where the ice core is being sampled…
what is the source of data for pre-Holocene global temperatures?
ETA: And on further review I see this is pretty OT, so ignore it. Back to my tile cleaning, with apologies.
Certainly not immediately, but the subject’s getting a lot of play in the popular and financial press, certainly enough to heat up the Canadian sovereignty issue. It’s worth noting that the OP’s entrepreneur isn’t the only one thinking about it. Most of the large shipping firms think in terms of very long horizons. An eventual transpolar route if the ice cap melts may be of even more interest to them than the NW passage, per se, and would be undisputed international waters.