U.S. President Donald Trump announced Wednesday that massive oil, gas and mineral exploration is set to begin in Greenland, calling the island our new and beautiful. Greenland, a self-governing territory of Denmark and not part of the United States, has significant deposits of rare earth minerals essential for green and digital technologies, as well as potential offshore oil and gas deposits. However, all previous extraction projects have failed due to harsh climate and lack of infrastructure, and none have progressed beyond the exploratory stage. A recent agreement with Denmark and Greenland facilitates U.S. military cooperation but grants no special exploration rights.
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