om a campaign last year. But Greenpeace has said if it strikes oil this summer it will spark an oil rush that would devastate the fragile Arctic environment. Greenland's government said that Greenpeace's actions were "illegal" and the protesters could be removed by the police if they continued to occupy the rig. "It is a clear illegal action (by) Greenpeace that violates and abuses the free right to sail according to international regulations on the ocean," it said in a statement. Activist Ben Ayliffe, said the protesters set up camp in a survival pod with enough supplies for 10 days and were meters from the huge drill-bit that Cairn hopes will strike oil in the coming weeks. Greenpeace hopes that by disrupting Cairn's tight drilling schedule as it did last year, the onset of colder conditions will stop the campaign later in the year. "We are preventing it from drilling because an oil spill up here would be nearly impossible to deal with due to the freezing conditions and remote location," he said Sunday. Protests by Greenpeace disrupted Cairn's last Greenland drilling campaign in 2010. Although the company found traces of oil and gas it said were encouraging, it was able to drill nd will be implemented until June 15," Kamaljeet Rattan, head of corporate communications, told Dow Jones Newswires. Another airline executive, who didn't want to be named, said some flights to London and Tokyo have been cancelled while a few local flights have been clubbed. Since December, oil suppliers have put Air India on a cash-and-carry basis to buy jet fuel, meaning that the airline has to pay each time it refuels its aircraft. Airlines normally have a 90-day credit period to pay their fuel bills, but oil companies refused to follow that structure with Air India after it defaulted on some payments. Rattan said Air India pays INR160 million as its daily fuel expense but is unable to pay more, even as jet fueaning the companies often have less access to capital for expansion projects. The launch of the new market doesn't mean the disappearance of each country's local exchange. The Santiago Stock Exchange, the Colombia Stock Exchange and the Lima Stock Exchange will continue to operate normally. After two years of planning and plenty of delays and bickering behind the scenes, regulators recently gave the new exchange the green light. MILA's organizers, which include the three nations' local bourses, are hyping its potential. "This dream...is now crystalizing after a two-year journey," said the Colombia Stock Exchange in a statement Friday. "This will be the era of opportunities." The market will include some of Latin America's bluest blue-chip commodity stocks and others, including Chile's largest retailer Falabella (FALABELLA.SN), Peru copper giant Southern Copper Corp. (SCCO) and Colombia's state-controlled energy company Ecopetrol (ECOPETROL.BO), which is riding atop that country's oil boom. Daily trading volume in MILA could reach $300 million during the early stages, officials have said. But on the trading floor trenches in Santiago, Bogota and Lima, there is plenty of uncertainty mixed in with the optimism. "We've already been in a testing phase with MILA and will, in reality, continue to be for some time," said a trader in Santiago who asked not to be named. "True integration will only come when we've leveled tax, regulatory, reporting and other issues." MILA is designed to work something like this: A retail or institutional investor in say, Colombia, who wants to bet on a company such as Chile's LAN Airlines (LFL, LAN.SN) will simply call her local broker who, in theory, will be a trained expert not only on Colombian companies but also those of Chile and Peru. The Colombian broker would then put in a buy or sell order on the MILA exchange, and a brokerage firm in Chile, in partnership with the Colombian broker, would execute the order in Chile's local currency. But some brokerage firms acknowledge that cross-border agreements between brokerage