Trump says 'massive' oil, gas and mineral exploration is set to begin in Greenland

Summary

President Donald Trump said 'massive' oil, gas and mineral exploration is set to begin in 'our new and beautiful Greenland', The Philadelphia Inquirer reported on Wednesday 14 October, an announcement that CBS News said comes four weeks after the U.S. signed a deal with Greenland and Denmark to bolster American military presence on the island. Trump's Truth Social post sparked a surge in stocks tied to Greenland, Business Insider reported. According to the LA Times, the harsh climate of Greenland, a self-governing territory of Denmark, and a lack of infrastructure have foiled all previous attempts to extract rare earth minerals, oil and gas, and no efforts have ever progressed beyond the exploratory stage.

Latest: Trump said 'massive' oil, gas and mineral exploration is set to begin in Greenland, which sparked a surge in Greenland-linked stocks according to Business Insider, while the LA Times said no efforts have ever progressed beyond the exploratory stage.

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