THE BARE STORY
President Donald Trump said Oct. 14 that large-scale oil, gas and mineral exploration was preparing to begin in Greenland, but he did not provide details on timing, locations or companies involved.
In a social media statement, Trump said unnamed experts believed Greenland had unusually large, accessible oil reserves. He also said the island’s location was important to U.S. and European security, arguing it could aid defenses against missiles, drones and other weapons.
The announcement followed a security agreement signed last month by the United States, Denmark and Greenland. The agreement expands U.S. military access to the Arctic territory and permits additional facilities through consultations among the parties. It also limits military installations by non-NATO countries and addresses foreign investment in sensitive sectors, including natural resources and critical infrastructure.
Greenland’s government halted the issuance of new oil and gas exploration licenses in 2021, citing environmental and climate concerns. Some existing licenses remain in force, though drilling requires further government approval. Greenland is self-governing within the Kingdom of Denmark and controls many domestic matters, including mineral resources.
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