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Earth News: Jeff Bezos, Bill Gates looking for ‘treasure’ in Greenland, Snapchat preparing for big layoffs

Jeff Bezos and Invoice Gates are looking for treasure in Greenland

Among the world’s richest giants, together with billionaires Jeff Bezos and Invoice Gates, are funding huge treasure hunts off Greenland’s west coast, full with helicopters and transmitters. CNN reported that the local weather disaster is melting Greenland at an unprecedented fee, creating a possibility for traders and mining firms looking for essential minerals able to powering the inexperienced vitality transition.

The band of billionaires, which additionally contains Michael Bloomberg, are betting there are sufficient very important minerals to energy a whole lot of thousands and thousands of electrical autos beneath the floor of the hills and valleys on Greenland’s Disco Island and the Nusuaq Peninsula. “We are looking for a deposit that will be the first or second largest nickel and cobalt deposits in the world,” Kurt Home, CEO of Kobold Metals, advised CNN.

Certainly, the disappearing Arctic ice (on land and at sea) highlights a singular dichotomy. Greenland is floor zero for the results of local weather change, nevertheless it may additionally develop into floor zero for sourcing the metals wanted to deal with the disaster.

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