Greenland, along with Alaska and Russia, has been a hotspot for oil companies hoping to tap into the estimated 25% of the world’s remaining oil and gas reserved in and around the Arctic Ocean. But the new government in Greenland has just put a moratorium on all new offshore oil and gas drilling licenses in the country’s Arctic waters. The moratorium comes as a result of concerns raised by Greenpeace about the risk of oil spills and the inevitable contribution to global warming involved in off-shore oil and gas operations.
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Post tags: aleqa hammond, cairn, cairn edinburgh headquarters, greenland, greenland moratorium on new oil drilling licenses, greenland off-shore oil drilling, greenland's newly elected government, Greenpeace, Shell
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