The Globe and Mail reports in its Friday edition that Nova Scotia billionaire John Risley says Canada has neglected the Arctic for far too long, which has put its sovereignty at risk. The Globe's Nicolas Van Praet writes that Mr. Risley is betting he can change that. Mr. Risley, who made his fortune with Clearwater Seafoods before turning to other investments, including green energy, has launched a new company called Arctic Economic Development Corp. It is aiming to spur large-scale growth in Canada's North, primarily north of the 60th parallel, by marshalling a wave of new capital, private-sector expertise and partnerships with government, and indigenous peoples such as the Inuit. "We haven't really stepped up as a country" in devoting enough attention to the Arctic, Mr. Risley told The Globe. Public underinvestment in the Coast Guard has left Northern waters exposed while corporate Canada "hasn't woken up to the opportunity," he said. That needs to change, Mr. Risley said. After Clearwater signed a landmark agreement on surf clam harvesting with 14 first nations in Atlantic Canada worth millions in revenue-sharing, he went further and sold the entire company to a coalition of Mi'kmaq bands and Premium Brands Holdings.