The Greenland government issued a formal warning to Texas-based Greenland Energy Company. Authorities cited the unauthorized delivery of drilling equipment to the country's eastern coast. The mineral resources authority now requires prior clearance for all future shipments and logistics in the Jameson Land region.
Greenland Energy claims the site holds up to $1 trillion in crude oil reserves. The company, which has links to Donald Trump, is utilizing exploration rights acquired by UK-based 80 Mile before a 2021 ban on new licenses.
This public admonishment creates significant uncertainty for the project’s operational future. Greenland officially ceased issuing new oil licenses in 2021 due to environmental concerns.