They're literally just admitting it's too expensive to stop this so it's better to have a fire sale now and deal with it later.
Any left-wing program that doesn't centre climate change at this point is deluded at best and genocidal at worst. They know what's coming.
As an aside, this is also a wonderful example of how a dead empire talks to itself like it's still a first rate power and not a middling nation with a tin pot military. We won't be "projecting power into the Arctic", we'll be acting like mercenaries for the US if we're lucky.

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