Davis Strait estimated that at least 13% of the world's undiscovered oil deposits and 30% of the world's undiscovered gas pockets are located in the Arctic, with the seas around Greenland potentially holding large amounts of natural gas and lesser amounts of crude oil and natural gas liquids. This has led Greenland's minister and provincial council to offer a large number of off-shore concessions to potential hydrocarbon (oil and gas) extraction. The largest concessions areas are located in seas west of Greenland, primarily the Davis Strait and Baffin Bay, but with several smaller concessions in the Greenland Sea in the east also.
Baffin Island three cubs being born around March. Female polar bears may travel inland to find a large snow bank where they dig a den in which to spend the winter and later for giving birth. The polar bear population here is one of 19 genetically distinct demes of the circumpolar region. Arctic foxes can usually be found where polar bears venture on the fast ice close to land in their search for seals. Arctic foxes are scavengers, and often follow polar bears to get their leavings. On Baffin Island, Arctic foxes are sometimes trapped by Inuit, but there is not a