Greenland: Show me the money - and what else?
Tuesday, August 30, 2011 at 7:11AM
Thomas P.M. Barnett in Arctic, Citation Post, energy, extractive industries

FT story on Greenland's oil rush and how it's driving the independence movement toward it's next goal. Having achieved self-governance in 2009, it remains a "dependency" on Denmark. But with 52b barrels offshore, the next step seems clear: economic independence that ultimately allows for true political independence.

I wouldn't try to portray the Greenlanders as chaffing under Danish rule.  Honestly, it's hard to imagine anybody chaffing under Danish rule. It's more that the newfound wealth changes things: people want economic advance and once that happens, perceptions change.

Greenland is 85% Inuit and about 15% Danes.

Naturally, the push to access the oil is generating an enviro backlash. Greenpeace is hot on the scene, although the ship seems to be populated totally by foreigners (their effort is dubbed "Operation Foreigner"). The group sees Greenland as a chance to revive itself after some wandering years. Meanwhile, the local activists seem most concerned about creating jobs for Greenlanders.

All rather fascinating to watch as globalization comes big-time to the Arctic.

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