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Miner backed by Gates & Bezos to start drilling in Greenland

US-based mineral exploration company KoBold Metals said on Thursday it is ready to start drilling for nickel and other raw materials used in electric vehicles, amid skyrocketing prices brought about by Ukraine-related sanctions on Russia. The company secured a 51% stake in the Disko-Nuussuaq project on Greenland’s west coast last …

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Biden backtracks on oil drilling ban

The US Department of Interior issued a long-awaited report on the government’s minerals leasing programs on Friday, recommending that new sales be limited to areas where oil and gas infrastructure already exists. While the plan would prevent opening up new drilling frontiers, such as the Atlantic Seaboard, it allows oil …

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