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The Economic Times
The Economic Times
National

Trump says oil, gas and mineral exploration in Greenland is set to begin. It's not that simple

US President Donald Trump said that "massive" oil, gas and mineral exploration is set to begin in "our new and beautiful Greenland," though it wasn't clear what developments he was referring to on an island where resource extraction has stymied companies for decades.

Despite Trump's optimism, the harsh climate of Greenland - a self-governing territory of Denmark, rather than a part of the United States - as well as a lack of infrastructure have foiled all previous attempts to extract so-called rare earth minerals, as well as oil and gas. No efforts have ever progressed beyond the exploratory stage, and a moratorium on new gas and oil permits has been in place for several years.

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