The US refused to sign an agreement on challenges facing the Arctic due to its wording regarding climate change. The refusal puts global cooperation in an effort to stop drastic effects of climate change in jeopardy.

Eight nations that border the Arctic, known as the Arctic Council, met in Rovaniemi in Finland on Tuesday in hopes of framing a two-year agenda to balance prevention of further damage by climate change with sustainable development of mineral wealth.

In the first cancellation of a declaration by the Arctic Council since its formation in 1996, the US disagreed with wording in the declaration that referred to climate change as a serious threat, according to sources with knowledge of the discussions among diplomats.

The official refusal comes just after Secretary of State Mike Pompeo actually praised the effects of climate change on the arctic, citing “new opportunities for trade” created by “steady reductions in sea ice.”

This referral to one of climate change’s most destructive effects, which scientists say will produce more severe weather and drastically raise sea levels, as a positive trade effect was a shocking statement from the Trump Administration, which has constistently stumbled around the president’s long-lasting refusal to commit to the reality of climate change.

The Arctic is believed to contain around 13 per cent of the world’s undiscovered reserves of oil and 30 percent of its reserves of natural gas. Its steadily melting ice would make reaching these reserves more feasible.

In lieu of the proposed declaration, ministers from the United States, Canada, Russia, Finland, Norway, Denmark, Sweden and Iceland instead issued a statement reaffirming their commitment to “sustainable development and to the protection of the Arctic environment.”

"Act now or swim later" - Children worldwide protest climate change Show all 38 1 /38 "Act now or swim later" - Children worldwide protest climate change "Act now or swim later" - Children worldwide protest climate change School children protest in London on March 15 Reuters "Act now or swim later" - Children worldwide protest climate change School children protest in Magdeburg, Germany on March 15 AP "Act now or swim later" - Children worldwide protest climate change School children protest outside Holyrood in Edinburgh on March 15 Getty "Act now or swim later" - Children worldwide protest climate change School children protest in Cape Town, South Africa on March 15 EPA "Act now or swim later" - Children worldwide protest climate change School children protest in New York on March 15 AFP/Getty Images "Act now or swim later" - Children worldwide protest climate change School children protest in Madrid on March 15 AP "Act now or swim later" - Children worldwide protest climate change School children protest in Quezon City, Philippines on March 15 Getty Images "Act now or swim later" - Children worldwide protest climate change School children protest in Vienna on March 15 AFP/Getty Images "Act now or swim later" - Children worldwide protest climate change School children protest in Dublin on March 15 PA "Act now or swim later" - Children worldwide protest climate change School children protest in Canterbury, Kent on march 15 PA "Act now or swim later" - Children worldwide protest climate change School children protest outside Holyrood in Edinburgh on March 15 Getty "Act now or swim later" - Children worldwide protest climate change School children protest in Erfurt, Germany on March 15 AP "Act now or swim later" - Children worldwide protest climate change School children protest in Zagreb, Croatia on March 15 EPA "Act now or swim later" - Children worldwide protest climate change School children protest in Lisbon on March 15 Reuters "Act now or swim later" - Children worldwide protest climate change School children protest in Edinburgh on March 15 Getty "Act now or swim later" - Children worldwide protest climate change School children protest in Florence, Italy on March 15 Sign reads: there is no future without a planet, let's not sell it for money EPA "Act now or swim later" - Children worldwide protest climate change School children protest in Vienna on March 15 Getty "Act now or swim later" - Children worldwide protest climate change School children protest in Brighton on March 15 Reuters "Act now or swim later" - Children worldwide protest climate change School children protest outside Holyrood in Edinburgh Getty "Act now or swim later" - Children worldwide protest climate change School children protest in Cambridge on March 15 PA "Act now or swim later" - Children worldwide protest climate change Students protest in Bangalore, India on March 15 EPA "Act now or swim later" - Children worldwide protest climate change School children protest in Lausanne, Switzerland on March 15 EPA "Act now or swim later" - Children worldwide protest climate change School children protest in Cape Town, South Africa on March 15 AP "Act now or swim later" - Children worldwide protest climate change Students protest in Bangalore, India on March 15 EPA "Act now or swim later" - Children worldwide protest climate change A student protests in Lucerne, Switzerland on 15 March EPA "Act now or swim later" - Children worldwide protest climate change School children protest in London on March 15 AFP/Getty Images "Act now or swim later" - Children worldwide protest climate change School children protest in Lausanne, Switzerland on March 15 EPA "Act now or swim later" - Children worldwide protest climate change School children protest in Milan, Italy on March 15 EPA "Act now or swim later" - Children worldwide protest climate change School children protest in London on March 15 AFP/Getty "Act now or swim later" - Children worldwide protest climate change School children protest in Lund, Sweden on March 15 AP "Act now or swim later" - Children worldwide protest climate change School children protest in London on March 15 PA "Act now or swim later" - Children worldwide protest climate change A poster with Greta Thunberg, who began the current children's movement at the protest in Lausanne, Switzerland on March 15 AP "Act now or swim later" - Children worldwide protest climate change School children protest in Cape Town, South Africa on March 15 EPA "Act now or swim later" - Children worldwide protest climate change School children protest in London on March 15 PA "Act now or swim later" - Children worldwide protest climate change School children protest in Canterbury, Kent on March 15 PA "Act now or swim later" - Children worldwide protest climate change School children protest in London on March 15 PA "Act now or swim later" - Children worldwide protest climate change School children protest in Canterbury, Kent on March 15 PA "Act now or swim later" - Children worldwide protest climate change School children protest outside Holyrood in Edinburgh Getty

Finnish Foreign Minister Timo Soini told reporters in a separate statement that “A majority of us regarded climate change as a fundamental challenge facing the Arctic and acknowledged the urgent need to take mitigation and adaptation actions and to strengthen resilience.”