The grab for Greenland-The world’s great powers have the Arctic’s natural resources and trade routes in their sights

08/12/2013 19:33

Source: Financial Times


Greenland is once again catching the imagination of outsiders. International business executives and diplomats are retracing Egede’s journey. The rapid melting of the northern polar ice has set off something of a scramble for the resources buried below. By US estimates, the Arctic may hold 13 per cent of the world’s undiscovered oil and 30 per cent of its untapped gas as well as untold mineral resources. The London-based think-tank Chatham House talks of an Arctic “cold rush”. Greenland, a frozen and mostly empty sprawl of a country reaching up from the Atlantic to the Arctic Ocean, sees a chance to reclaim its pre-colonial identity. “I guess we are in the business of nation-building,” says Vittus Qujaukitsoq, the minister of economy in a government with its sights on independence.



Things are changing. Two of the big forces shaping the world’s geopolitical contours are global warming and the voracious appetite for raw materials of the world’s big emerging markets. Both converge on Greenland’s retreating ice-sheet. What happens next in the Arctic will touch the security and prosperity of the rest of the planet. “The world is paying attention to Greenland,” says Jens-Erik Kirkegaard, the government minister in charge of minerals and mining development, with more than a hint of satisfaction.


Please note : The content on this site does not always express the viewpoints of the site owner

Many topics are covered and links given, so that you can do your own research


FAIR USE NOTICE: These pages/video may contain copyrighted (© ) material the use of which has not always been specifically authorized by the copyright owner. Such material is made available to advance understanding of ecological, Political, Human Rights, economic, scientific, Moral, Ethical, and Social Justice issues, etc. It is believed that this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior general interest in receiving similar information for research and educational purposes.