"Greenland Bans All Future Oil Exploration Citing Climate Concerns", 16 July 2021

Greenland dropped all plans for future oil exploration on environmental grounds, saying the price of extraction was “too high.”...

The government “has decided to cease issuing new licenses for oil and gas exploration,” it said in a statement. “This step has been taken for the sake of our nature, for the sake of our fisheries, for the sake of our tourism industry, and to focus our business on sustainable potentials.” ...

The decision to abandon oil exploration comes amid increasingly alarming signs of global warming for Greenlanders. Average sea levels have risen about 9 inches since 1880, and about a quarter of that increase comes from ice melting in the Greenland and Antarctica ice sheets, along with land-based glaciers elsewhere, according to a study published in Nature in May...

“The Greenlandic government believes that the price of oil extraction is too high,” it said in the statement. “This is based upon economic calculations, but considerations of the impact on climate and the environment also play a central role in the decision.”

A number of other European countries have also scrapped plans for oil exploration in recent years, including Denmark itself, France, Spain and Ireland.