The harvesting of the Earth’s resources is characterized by ambivalence to the environment wherever it takes place. The exploitation and near extinction of many species of Whales and other marine mammals presents us with an important case study that has largely run its course, at least as a source of oil. An industry that in Antarctica peaked in the early twentieth century, the arctic whales had been fished to virtual extinction, as had the fur seals in South Georgia. Now a tourist venue, a threat in its own right, this region with its derelict processing stations is both a reminder of how close to the wire we go to secure resources but also how recovery is possible with appropriate international co-operation. In the future the possibility that valuable minerals may be found and extracted hangs over this region. It is a region with frozen assets.