{
  "id": 1436192,
  "title": "Rohstoffe: Wer bekommt Grönlands Öl? Streit mit US-Konzern spitzt sich zu",
  "url": "https://urgent.news/2026/08/17/rohstoffe-wer-bekommt-gronlands-ol-streit-mit-us-konzern-spitzt-sich",
  "topic": "world",
  "section": "World",
  "published": "2026-08-17T06:23:36.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/rohstoffe-wer-bekommt-groenlands-oel-streit-mit-us-konzern-spitzt-sich-zu/100245753.html"
  },
  "original_language": "de",
  "account": "Donald Trump has long aimed to control Greenland, potentially using military force if necessary, according to the US President. By the end of his term in 2029, the island is expected to fall under US control, driven by strategic motives, including monitoring Russian and Chinese activities, and the potential for attracting US resources such as oil. Despite initial optimism from Louisiana Governor Jeff Landry and US Special Envoy for Greenland, it now appears Greenland controls its own resources. Without permission, no drilling is allowed. US company Greenland Energy, in a joint venture with White Flame, aims to extract oil from the Jameson Land Basin in eastern Greenland, estimating about 13 billion barrels of oil with a market value exceeding one trillion dollars. However, obtaining specific permits for each logistical step and drilling is mandatory, which Greenland lacks. Recently, Greenland Energy shipped equipment to Nerlerit Inaat Airport without authorization, prompting public criticism from the Greenland government. Greenland Energy now acknowledges they won't begin drilling this winter due to the need for additional permits, and plan to start in winter 2027, citing the need to refine their plans and deepen relations with local communities, partners, and authorities. The local community of Ittoqqortoormiit, with a population of 300, is protesting the project, fearing its impact on their hunting lifestyle, as the region is home to musk ox and polar bears. Greenpeace and others warn that extensive access roads and the risk of oil spills could severely harm wildlife and traditional hunting culture. Despite past failed attempts by oil companies like Shell and Exxon Mobil, the US Geological Survey estimates the technically recoverable oil potential at 31 billion barrels, but extraction is costly due to Greenland's ice-covered terrain. Since 2021, Greenland has stopped issuing new oil licenses due to ecological and climate risks being too high, but licenses for the White Flame project were granted in 2015 and 2018. Obtaining new licenses or rescinding existing ones would require extensive steps, potentially deemed as expropriation. Greenland Energy is still at the beginning of the lengthy approval process, with mandatory environmental and social studies still pending. CEO Price previously claimed they would start drilling in the second week of October, a claim Dr. Phil, who covered the project for a six-part series, has also made. Political ties between Greenland Energy and Trump include Kenneth Griffin's purchase of nine percent of the company and a board member, Carol.",
  "summary": "Das Trump-nahe Unternehmen Greenland Energy will gegen den Willen der Grönländer Öl fördern und hat nun ohne Genehmigung Bohrausrüstung in die Region verschifft. Die Regierung reagiert scharf.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}