Greenland officials dispute Trump's claims of imminent 'massive' oil drilling
President Donald Trump claimed on Truth Social that 'massive' oil, gas, and mineral exploration is about to begin in Greenland, citing experts who say the island holds vast, easily accessible reserves. However, Greenland’s deputy mining minister, Jørgen Hammeken-Holm, directly contradicted this, stating that while US companies are active, the territory is 'very far away' from massive exploration due to remote locations, thick ice, and high costs. Despite the official pushback, Greenland-linked stocks surged, with Greenland Energy Company rising 75% and Greenland Mines up 25%, indicating strong investor interest in the potential for US involvement in the Arctic territory.