Greenland forces Trump-linked US oil firm to delay drilling
Summary
Greenland’s government has delayed drilling permits for a US oil company linked to President Trump. The company had planned to start drilling soon but now must wait until at least winter 2027 to get approval due to environmental and social concerns.Key Facts
- Greenland officials stopped a US oil company connected to President Trump from starting drilling on schedule.
- The company brought equipment to Greenland in July without permission, prompting a strong warning from the government.
- The government said it needs more time to evaluate the environmental and social impacts before giving approval.
- The oil drilling area includes protected wetlands with rare birds and muskoxen important to local hunters.
- Drilling could not start before winter 2027, much later than the US envoy’s earlier claim it could begin within 10 months.
- The US envoy, Jeff Landry, aimed to make Greenland part of the US and promote fast oil production.
- Greenland Energy, the oil company, says it is committed to following all regulations and working with local communities.
- The stock price for Greenland Energy fell by over a third after the announcement of the drilling delay.
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