President Donald Trump has expressed interest in purchasing Greenland, an autonomous Danish territory, as indicated by a report published by The Wall Street Journal.
For what reason does Trump need the United States to purchase the world’s biggest island? The reason, for the most part, is likely that Greenland is rich in natural resources, including iron ore, lead, zinc, diamonds, gold, rare-earth elements, uranium, and oil, as per the Brookings Institution, a non-profit public-policy organization in Washington, D.C.
Notwithstanding the fact that Greenland boasts these resources, however, more are being exposed there as the Earth warms because of human-caused climate change.
Extracting Greenland’s natural resources, be that as it may, is anything but a straightforward enterprise. A great part of the mining and drilling depends on global supply and demand, also navigating Greenland’s severe climate and terrain. For example, oil production most likely won’t happen for at least one more decade, as indicated by the Brookings Institution’s 2014 report, in light of the fact that “the conditions in Greenland are very harsh and technically demanding and the expenses of extraction high.”
Mining projects show more guarantee. The Greenland government has endeavored to create environmental and administrative guidelines while, simultaneously, attracting investors, as indicated by the report. The Canadian company AEX Gold is as of now mining the valuable metal in the Nanortalik Gold Belt in southern Greenland, as indicated by Mining Global, a mining news outlet. And, New York-based Greenland Ruby A/S opened its ruby and pink-sapphire mining operation in Aappaluttoq, in southwest Greenland, in 2017.
Be that as it may, purchasing Greenland itself would likewise come with a hefty cost. The territory, home to more than 57,000 individuals as of 2018, depends on Denmark for 66% of its budget revenue, and it additionally has high rates of suicide, alcohol abuse and joblessness, as per the BBC. Such issues would benefit by investments from social and government service programs.
In addition, government officials in Greenland and Denmark don’t appear to be eager to sell. In a tweet posted August 16, Greenland’s Ministry of Foreign Affairs said, “#Greenland is rich in valuable resources, for example, minerals, the purest water and ice, fish stocks, seafood, renewable energy and is the new frontier for the travel industry. We’re open for business, not available to be purchased.”
Also, Rasmus Jarlov, a conservative member from the Danish parliament, tweeted, “Out of everything that are not going to occur, this is the most unlikely. Forget it.”
This isn’t the first run through the United States has expressed an interest in buying Greenland. The territory is situated in a strategic spot, just beneath the Arctic Ocean, among Canada and Europe. President Andrew Jackson’s administration (1829-1837) skimmed purchasing the island, as did an 1867 report by the U.S. State Department, the BBC said. President Harry Truman even offered Denmark $100 million for Greenland in 1946, however, nothing happened to the proposal.
During the Cold War, the U.S. built a few military sites on Greenland, the BBC detailed. Be that as it may, these sites contain leftover toxic nuclear waste, which is presently being exposed as the island’s ice melts away.