Greenland suspends oil exploration because of climate change
Source: Associated Press
Greenland suspends oil exploration because of climate change
July 16, 2021
COPENHAGEN, Denmark (AP) — The left-leaning government of Greenland has decided to suspend all oil exploration off the world’s largest island, calling it is “a natural step” because the Arctic government “takes the climate crisis seriously.”
No oil has been found yet around Greenland, but officials there had seen potentially vast reserves as a way to help Greenlanders realize their long-held dream of independence from Denmark by cutting the annual subsidy of 3.4 billion kroner ($540 million) the Danish territory receives.
Global warming means that retreating ice could uncover potential oil and mineral resources which, if successfully tapped, could dramatically change the fortunes of the semiautonomous territory of 57,000 people.
“The future does not lie in oil. The future belongs to renewable energy, and in that respect we have much more to gain,” the Greenland government said in a statement. The government said it “wants to take co-responsibility for combating the global climate crisis.”
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Read more: https://apnews.com/article/europe-business-climate-environment-and-nature-climate-change-6ac3a74848b2cf7c89d18c348b19e3a7
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