Tensions in the Arctic: Greenland issues sharp rebuke to Trump-linked oil company

A Texas oil company that wants to extract what could amount to billions of barrels of oil from East Greenland’s Arctic basin has crossed a red line before even starting to drill. In a statement issued on July 30, Greenland’s mineral resources authority said it had become aware that Greenland Energy – a Texas oil company founded last year – had transferred drilling equipment ashore on a remote stretch of the island’s eastern coast. “All future logistical matters must be advised and approved by the mineral resources authority – before they are carried out,” the government said. Greenland Energy has claimed that $1 trillion in crude oil may lie beneath the Jameson Land region. The firm thus announced plans to spend $60 million drilling two exploratory wells to find out. Greenland issues warning against US oil drilling on its territory To display this content from YouTube, you must enable advertisement tracking and audience measurement. One of your browser extensions seems to be blocking the video player from loading. To watch this content, you may need to disable it on this site. Cover image: France24 © France24 08:41 “The exploration for oil by Greenland Energy is relatively unproble...