Greenland suspends oil exploration, citing climate crisis
The government of Greenland announced that it will suspend all oil exploration, saying the territory “wants to take co-responsibility for combating the global climate crisis… The future does not lie in oil. The future belongs to renewable energy, and in that respect we have much more to gain.” The US Geological Survey estimates there could be 17.5 billion undiscovered barrels below the territory’s lands and waters. Many had hoped potential reserves could allow Greenland to acheive independence, compensating for the annual subsidy of 3.4 billion kroner ($540 million) the territory receives from Denmark. (Photo: Pixabay)