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Guardian
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Fearing toxic waste, Greenland ended uranium mining. Now, they could be forced to restart - or pay $11bn
- Greenland's Kvanefjeld site is rich in rare-earth minerals and uranium, with a proposed open-pit mine worth $7.5bn.
- Local concerns about radioactive waste contamination led to Greenland banning uranium mining in 2021.
- The mining company has sued Greenland for $11.5bn, claiming expropriation and demanding compensation.
- The case is in investor-state dispute settlement (ISDS), a provision being used more to challenge environmental laws.
- Litigation finance investors like Burford Capital fund cases like this, seeking financial benefits if successful.
- Greenland is determined to resist pressure to restart mining, despite economic interests and investor backing.
- The high-stakes arbitration case, with ETM seeking compensation, could impact Greenland's future and mining industry.
- Community opinions in Narsaq are divided, with concerns about environmental impact and risks if the mine proceeds.
- The potential threats from mining activities include water contamination, chemical use, and disruptions to local ecosystems.
- The outcome of the arbitration could significantly influence the balance between economic development and environmental protection in Greenland.
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