Bill Gates, Jeff Bezos and other billionaires have a big secret in Greenland related to climate change, what is it about?
A group of billionaires, with Bill Gates, Jeff Bezos and Michael Bloomberg in the lead, are taking advantage of the climate crisis to explore Greenland. The objective: the discovery of minerals to power electric vehicles.
They’re all doing it through the company Ko Bold Metals, a California-based mineral exploration startup.
On the west coast of Greenland, armies of engineers and geologists, with helicopters, transmitters and other technologies, are searching for these minerals that will be “capable of driving the transition to green energy”, according to CNN.
The specific areas being explored are the hills and valleys of Disko Island and the Nuusuaq Peninsula. With climate change, the ice of the place is giving way, exposing the elements that are inside.
And this is leveraged by KoBold Metals, utilizing the investments of billionaires like Bill Gates, Bezos and Bloomberg.
KoBold Metals, the company with the investment of Bill Gates and Jeff Bezos
CNN spoke with Kurt House, CEO of KoBold Metals, who highlighted the work they are doing in Greenland.
“We are looking for a deposit that is the first or the second most important nickel and cobalt in the world”House noted.
Kobold teamed up with Blue Jay Mining for exploring the area.
“It is worrying to witness the consequences and impacts of climate change in Greenland,” said Bo Moller Stensgaard, CEO of Bluejay Mining. “But generally speaking, climate change in general has made exploration and mining in Greenland easier and more accessible.”
The key is that ice-free periods at sea are longer, so companies can more easily ship heavy equipment and metals to the global market.
Greenland’s energy potential
Inside, the island located northeast of America, between our continent and Europe, has coal, copper, gold, rare earths and zinc.
local government “recognizes the country’s potential to diversify the national economy through mineral extraction”, says Mike Sfraga, president of the United States Arctic Research Commission, quoted by CNN.
Meanwhile, investments in exploration continue. And the billionaires are still rubbing their hands.