Unauthorized unloading by Trump-linked company in Greenland: $1 trillion oil crisis

Greenland Energy, a Texas-based oil company linked to US President Donald Trump, has begun preparations to drill wells in Greenland, in the Arctic region. However, the company's offloading of drilling equipment on the island's east coast without obtaining the necessary permits from local authorities has escalated tensions between the regional government and Washington.

STERN WARNING FROM THE GOVERNMENT

The Greenland government reacted sharply to the situation, emphasizing that no approval had been granted for the offloading of the equipment. In an official statement, it was noted that all logistical steps must be reported to and approved by the mineral resources authority before being carried out. The unauthorized shipment, which came to light after local residents in the sparsely populated region noticed a tugboat approaching the shore and unloading numerous containers, was also confirmed by the Danish investigative media outlet Danwatch.

$1 TRILLION RESERVE CLAIM

Greenland Energy, established last year, claims that there is approximately $1 trillion worth of crude oil beneath the Jameson Land region. The company announced that it has allocated a budget of $60 million to drill a well to verify this reserve. Although the Greenland government stopped issuing new oil exploration licenses in 2021 due to environmental concerns, the British company 80 Mile already held exploration rights in the region. It is stated that Greenland Energy plans to acquire a majority stake in this project in exchange for financing the drilling, but that this transfer also requires the approval of the Greenland government.

TRUMP'S INNER CIRCLE ON THE BOARD OF DIRECTORS

The company's management includes notable figures from Donald Trump's inner circle. Phil McGraw (Dr. Phil), a former television host who served on Trump's commission on religious freedom, has been contracted by the company to produce a documentary about the project. Additionally, a US Navy veteran who was involved in Trump's plans to control Greenland is also on the board of directors.

While the company's major shareholder, Larry Swets, argues that the project has nothing to do with US plans to annex the region, a threatening image shared by Trump on his own social media platform, Truth Social, showing himself over a Greenland village, further fueled the controversy. In a letter sent to its shareholders, the company management stated that the meetings held with Greenland authorities were constructive and that only a single well was initially planned to be drilled.

News Source: 12punto