US EditionBuying Greenland could cost as much as $700 billion: Report
The U.S. aims to secure Greenland for strategic and national security reasons, with acquisition costs estimated up to $700 billion, though Greenland and Denmark reject the sale.
- On Wednesday, NBC News reported an estimated $500 billion to $700 billion price tag for Greenland, citing three people familiar with the cost estimate tied to President Donald Trump's plans.
- President Donald Trump cites Arctic security and rival powers, saying U.S. ownership is vital to deny China or Russia access, with Greenland's assets valued at over $4.4 trillion, according to scholars.
- Analysts and economists estimate Greenland's value at $186 billion, with U.S. officials discussing $10,000 to $100,000 per-person payments, which could total $5.7 billion for its 57,000 residents.
- Denmark's leaders and Greenland's leaders and government insisted the territory isn't for sale, noting about 85% of Greenlanders oppose joining the U.S., while bipartisan senators and European allies pushed back on acquisition efforts.
- Secretary of State Marco Rubio has been directed to draft a purchase proposal in the coming weeks, with options including a compact of free association or expanded U.S. military presence, while experts say force is unlikely.
76 Articles
76 Articles
Can America buy or conquer Greenland? (ft. Dr. Elizabeth Buchanan)
"As a representative of the Environment & Public Works Committee Ranking Member, Senator James Inhofe (R-Okla.), I made the trek to the Arctic Circle with the Senate delegation to the land the Vikings once farmed during the Medieval Warm Period. Senators and their staff viewed majestic giant glaciers and icebergs in the Kangia Ice Fjord
Acquiring Greenland could cost US President Donald Trump and his administration more than $700 billion, three sources said, according to NBC News. The amount corresponds to more than half of the annual budget of the Department of Defense, but despite criticism, Trump has shown determination in his decision, saying that the US will have the 800,000-square-mile island "one way or another," NBC News reported on Wednesday. Trump's desire to "own" th…
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