U.N. to decide Arctic borders

(01:58) Report

May 29 - Five Arctic coastal nations have agreed to let the United Nations rule on conflicting territorial claims on the region's possibly energy-rich seabed.

The Arctic Ocean may hold up to a quarter of the world's undiscovered hydrocarbon reserves.

Ministers from Canada, Denmark, Norway, Russia and the United States have been meeting in Greenland to discuss sovereignty over the Arctic Ocean seabed.

Sonia Legg reports.

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