Denmark

Denmark, which has a stake in the region through Greenland, should explore the oil and natural gas reserves off of Greenland. This could bring additional revenue to the 55,000 residents of Greenland as well as to the Danish government. However, the Danish government should approach this with the knowledge that reserves would be expensive to extract and the overall likelihood of any large oil, gas or mineral windfall is small. Denmark should also promote itself as a haven for scientific research, committing to the region diplomatically and scientifically while keeping costs to a minimum because it appears to have little to gain through high levels of investment. In particular, Denmark should not consider purchasing icebreakers.