Greenland suspends oil exploration due to climate change

• The U.S. Geological Survey estimates there could be 17.5 billion undiscovered barrels of oil off the territory.

What they're saying: “As a society, we must dare to stop and ask ourselves why we want to exploit a resource. Is the decision based upon updated insight and the belief that it is the right thing to do? Or are we just continuing business as usual?," Naaja Nathanielsen, Greenland's minister of natural resources, said in a statement.

• "It is the position of the Greenlandic government that our country is better off focusing on sustainable development, such as the potential for renewable energy.”