Greenland. like New Zealand has abandoned all future oil exploration after the government responded to environmental concerns, according to Danish media.
Naalakkersuisut, as the island’s government is called, has decided that the environmental consequences of oil exploration and production are too big.
Greenland’s government, which is led by the socialist IA party, has been in office since winning elections in April and has made climate a key plank of its program.
Greenland’s west coast alone is estimated to contain about 18 billion barrels of oil. The decision to abandon oil exploration comes amid increasingly alarming signs of global warming.
Average sea levels have risen about nine inches since 1880, and about a quarter of that increase comes from ice melting in the Greenland and Antarctica ice sheets, along with land-based glaciers elsewhere, according to a study published in Nature earlier in May.
Bloomberg / ABC Flash Point News 2021.