Guest contribution by Eric Worrall
The Greenland government, which is currently living on handouts from Denmark, has decided not to promote the development of local oil and mineral resources due to climate change.
Greenland suspends oil production due to climate change
COPENHAGEN, Denmark (AP) – The left-wing government of Greenland, which could sit on huge oil reserves, has decided to suspend all oil exploration off the world’s largest island and called this “a natural step” because the Arctic government “takes the climate crisis seriously . “
No oil has yet been found in Greenland’s waters that had ambitions that hydrocarbons would be critical to helping Greenlanders achieve their long-cherished dream, the annual subsidy of 3.4 billion crowns ($ 540 million) from To cut Denmark, which currently precludes full independence.
Global warming means that the retreating ice could reveal potential oil and mineral resources that, if successfully developed, could dramatically change the fate of the semi-autonomous Danish territory of 57,000 people.
“The future does not lie in oil. The future belongs to renewable energies and in this respect we have a lot more to gain, ”the Greenland government said in a statement. She “wants to take on joint responsibility for combating the global climate crisis”.
Read more: https://apnews.com/article/europe-business-climate-environment-and-nature-climate-change-6ac3a74848b2cf7c89d18c348b19e3a7
In my opinion, this is rather sad news for local Greenlanders.
Greenland suffers from the world’s highest youth suicide rate, endemic poverty, total lack of opportunity and rampant alcohol and drug abuse – possibly because it is mainly a state alms economy. Two thirds of the Greenland economy is based on donations from Denmark.
Promoting a real domestic mineral export economy that requires mining companies to hire locals could potentially have changed that by offering more young people pride and hope for a better future, along with a serious source of income in the private sector.