Columbia Energy Exchange

Arctic Expert Iris Ferguson on Greenland's Resources, Geopolitical Risks

May 12, 2026
Iris Ferguson, president of IAF Strategies and former Pentagon Arctic policy official, brings firsthand Arctic experience and policy chops. She discusses Greenland’s resource potential, mining and energy tradeoffs, strategic military infrastructure like Pituffik, and how climate change and great-power competition reshape Arctic access and risks.
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ANECDOTE

Cold War Infrastructure Still Powers Greenland Operations

  • Iris described visiting Greenland sites like Pituffik (Thule) and Kangarlussuaq and seeing Cold War infrastructure still in use.
  • She highlighted long runways and legacy logistics that remain vital but need modernization for Arctic operations.
INSIGHT

Big Oil Potential Meets Political Moratorium

  • Greenland has potential oil reserves (one onshore area ~13 billion barrels) but the government froze new leasing in 2021 over environmental concerns.
  • Existing 2014 leases are grandfathered, and companies may pilot exploration using Canadian logistics this year.
INSIGHT

Rare Earth Potential Bumped By Logistics And Local Politics

  • Greenland may hold rare earths second only to China in potential, but logistics, infrastructure gaps, and local politics limit production.
  • Local moratoria (e.g., on uranium) and community opposition can stop projects despite global demand.
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