Greenland Casts Doubt on Trump-Linked Oil Firm's New Drilling Schedule
Summary
Greenland has delayed an American company’s plan to start oil drilling in its Arctic territory due to concerns about missing permits and the project’s complexity. The company, Greenland Energy, linked to President Donald Trump, had planned to drill in a large, promising basin but now faces a regulatory review that may push drilling back to winter 2027 or later.Key Facts
- Greenland Energy is a Texas-based company connected to President Trump.
- The company planned to drill oil in Greenland’s Jameson Land Basin, a large and promising area.
- Greenland’s government warned the company for moving equipment without the proper permits.
- Greenland stopped issuing new oil drilling licenses in 2021 because of environmental concerns, but this project has an older license.
- A British partner company, 80 Mile, holds the official license through a subsidiary called White Flame Energy.
- Greenland’s Mineral Resources Authority is still waiting for full paperwork before approving drilling.
- The government says drilling likely won’t start before winter 2027 but is unsure about the exact date.
- Greenland Energy says it will update the timeline once permits are finalized.
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