The researchship Polarstern on the Arctic Ocean, where it found old, thick sea ice had declined significantly.
The researchship Polarstern on the Arctic Ocean, where it found old, thick sea ice had declined significantly.

Mysteries may thaw along with Arctic ice



In 1845, an expedition charged with finding the fabled Northwest Passage between the Atlantic and Pacific oceans came to grief. The fate of Sir John Franklin and his men may become clearer as the old Arctic ice subsides … but at what cost? Jonathan Gornall reports

If only Sir John Franklin could have waited another 160 years or so.

In 1845, the ageing English explorer led a royal navy expedition charged with charting the last reaches of Canada's Arctic north and navigating a route through the fabled Northwest Passage - the elusive shortcut from the Atlantic to the Pacific Ocean, sought by European rulers and traders since the 15th century.

It didn't go well. Franklin, all of his men and both of his ships, HMS Terror and Erebus, disappeared.

Over the next two decades, dozens of expeditions were sent from England to try to discover what had become of them.

They found only scattered artefacts, three graves containing the gruesomely preserved bodies of sailors claimed by disease early in the expedition, and a trail of ship's boats and human remains that hinted at cannibalism and a desperate, doomed overland trek southward to safety.

What they didn't find were the two ships.

According to a message discovered by one expedition under a cairn on King William Island, in what is now Canada's far northern Nunavut territory, the presciently named Terror and Erebus - in Greek mythology, the latter was the region of the underworld through which all the dead must pass - became irretrievably trapped in the winter sea ice.

Last week, Parks Canada, assisted by the Canadian coastguard icebreaker Sir Wilfrid Laurier, began to wind up the latest of what has become a traditional annual summer search for the remains of the ships.

This year, there was no joy - but at the rate the Arctic sea ice is disappearing, the chances of finding them soon are better than ever.

As sonar was scouring the seabed off King William Island in vain for signs of the wrecks of Terror and Erebus, so last week came the news from the US National Snow and Ice Data Centre (NSIDC) that the coverage of sea ice during the Arctic summer had shrunk to its lowest level since accurate measurement became possible.

In 1979, at the start of the satellite era, the ice covered close to 14 million square kilometres. On August 26, according to the NSIDC, it was a mere 4.1 million sq km.

To put that in context, Canada, the world's second-largest country after Russia, occupies almost 10 million sq km. The area of Arctic sea ice remaining is now closer to the size of India's 3.1 million sq km.

The previous low, says the NSIDC, was in 2007. Since then, the Arctic has lost another 70,000 sq km - a chunk almost the size of Turkey - in just five years.

This, says Prof Julian Dowdeswell, the director of the Scott Polar Research Institute in Cambridge, England, is not about rising sea levels. There are, he says two basic kinds of ice in the Arctic and the Antarctic regions.

"One is the large glaciers and ice caps, which cover most of the land and can be kilometres in thickness, and are formed from the precipitation and build-up of snow over long periods," says Prof Dowdeswell.

"The second is the thin, frozen sea surface, which is known as sea ice. Because the sea ice is floating on the surface, whether it's melting or present as frozen water, it has no effect on sea level."

Nothing to worry about then? Not quite.

There are, he says, potential positives: "It means that the Arctic Ocean is more accessible, for navigation, exploration and, in the end, possible exploitation."

Whether that's good or bad depends on your world view. "Some hold the view that the polar regions should be the preserve of untrammeled habitats. Others regard the resources there as potentially useful for humankind," says Prof Dowdeswell. "I'm a scientist. My job, as I see it, is presenting the observations concerning change and it's up to others to decide what they are going to do with that."

What Canada and the other countries whose back yards look out over the Arctic - Denmark, Norway, Russia and the US - are doing is scrabbling to lodge territorial claims, chiefly, but not always, under the auspices of the United Nations Convention on the Law of the Sea - a convention that America, for one, has conspicuously failed to ratify.

For its part, Canada would like everyone to ask its permission before navigating through its northern archipelago, which it regards as part of its internal waterways, but which the world regards as international waters.

It was less than amused in 2007 when the Russians sent an expedition into those waters, dropping a flag on the seabed in the process.

"They're fooling themselves if they think dropping a flag on the ocean floor is going to change anything," said Peter MacKay, who was Canada's foreign affairs minister at the time and now holds his nation's defence portfolio.

"There is no question over Canadian sovereignty in the Arctic."

But there is extreme interest from all parties, not so much in a final opening of a commercially viable Northwest Passage - as convenient as that would be for shipping - as in the untold fossil fuel riches in the region becoming increasingly more accessible thanks to the melting sea ice.

Scientists such as Prof Dowdeswell, however, are not concerned about which countries are poised to become frighteningly oil or gas-rich.

While the disappearing sea ice will not raise sea levels, "It will have effects on biodiversity," he says. "Clearly, there are certain iconic animals that rely on sea ice to a greater or lesser extent" - cue photographs of polar bears and seals apparently stranded on minute ice floes - "so they will have progressively more difficulty in finding the habitat to suit them."

Of wider concern, perhaps, "if less sea ice is being produced," he says, "then that has implications for the formation of dense water and the circulation of the North Atlantic".

When ice forms in the polar seas, not all of the salt in the seawater makes it into the ice. Immediately under forming sea ice is a layer of dense, highly saline water that sinks to the sea floor.

There, it flows south, and "in part the Gulf Stream which warms western Europe is the return flow, in the upper 800 to 1,000 metres in the water column, of that dense southward water flow".

So if you have a lot less sea ice forming, "you also affect the vigour of the North Atlantic circulation system" - and that, in turn, could have all kinds of consequences for world weather patterns.

At the current rate of loss, says Prof Dowdeswell, we are likely to see "almost ice-free conditions in the Arctic, every summer, some time in the next few decades - and whether it's 20 years or 50, I wouldn't like to say".

The question that no one can really answer, he says, "is how much is this a product of natural cycles in the Earth's system, and how much is the change a product of human-induced greenhouse gases and so on?"

It is, Prof Dowdeswell says, "very difficult to put a percentage on that but my answer initially would be neither is it entirely natural nor is it likely to be entirely human- induced. Just where you put it on the scale between the two, I don't think anybody has the answer to."

The problem is that there is insufficient data to grasp the bigger, longer-term picture - 1979 and the start of the satellite era was a split second ago, in global eco-cycle terms.

"The interior of the Arctic basin wasn't really observed at all before the era of satellites, or only very, very rarely," says the professor.

The odd submarine pushed its nose up through the ice from the '60s onwards, but before that the only data was that collected by the likes of Franklin.

Of course, his last expedition produced nothing for the record. He'd been north before, leading a land expedition into the Arctic in 1819, although just how successful that attempt was can probably be gauged by the nickname he earned upon his eventual return to civilisation in 1823 when, in deference to his extraordinary tale of suffering and survival, the newspapers dubbed him The Man who Ate his Boots.

Nevertheless, the British navy nibbled away at the Canadian Arctic, from east and west, from the early 19th century until the 1880s, and Cambridge's Scott Polar Research Institute holds and has analysed many of the ships' logs from that period.

What they tell us, says Prof Dowdeswell, is that "the temperatures were about a degree or a degree and a half colder in the Canadian Arctic during those decades than they are today … that would fit with the view that the Arctic and other parts of the polar world suffered a little ice age for a few hundred years, to about the end of the 19th century".

Franklin, in other words, picked a bad century in which to tackle the frozen north.

"Not here," begins the verse written for his monument in London's Westminster Abbey by the Victorian poet Lord Tennyson, a relative of Franklin's by marriage. "The white north has thy bones."

Not for much longer, perhaps.

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Stars: Daniel Kaluuya, Allison Williams, Catherine Keener, Bradley Whitford

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Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 

Armies of Sand

By Kenneth Pollack (Oxford University Press)
 

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Holiday: Favourite travel destinations are London and St Tropez

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In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

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