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The Economic Times
The Economic Times
National

Donald Trump has ambitious oil drilling plans for Greenland: Why extraction could be delayed for decades

US President Donald Trump is now talking about plans to carry out “massive exploration” of oil, gas, and minerals in Greenland, but his statement raises many questions, such as the identity of the company that will be doing the exploring, the location and the permission granted for it to do so. On Wednesday, in a Truth Social post, he said that there might be great amounts of easily available oil in Greenland. However, he did not identify specific projects or provide a timeline for the proposed exploration.

This island also holds strategic value for the US and Europe.

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