Arctic resources race The Arctic consists of multiple sub-regions: Russian Arctic, Canadian Arctic, Greenland (Kalaallit Nunaat), Northern Alaska (USA), Svalbard(Norway), Iceland, Fennoscandia. In addition to these sub-regions, the Arctic Ocean and its multiple seas—Greenland Sea, Barents Sea, Kara Sea, Laptev Sea, East Siberian Sea, Chuckchi Sea, Beaufort Sea,etc.-- make the arctic a vast region with a variety of natural resources. The U.S. Geological Survey estimates that undiscovered oil and gas reserves in the Arctic amount to 22% of the world's total, about 412 billion barrels of oil. A Brookings Institution summary reported: The first offshore oil platform in the Arctic was Prirazlomnaya in
Clean Seas from mining company Centrex Metals to export iron ore from Port Lincoln. Centrex Metals' iron ore mining and export plans did not eventuate. Hagen Stehr, the founder of Clean Seas, stepped down from his position as Chairman of Clean Seas Tuna in 2009. At the time, he said that the company was transitioning from a research and development company to commercialisation. The company reported a $12 million loss in 2009. In September 2010, the "Sydney Morning Herald" reported that Clean Seas staff killed 80 tonnes of stock as a result of human error while "bathing" the fish in hydrogen peroxide.