Last year, a British oil exploration company and a tech start-up joined forces on a project to permanently lock away untapped fossil fuel reserves in Greenland.
The idea was simple: the energy company, Greenland Gas and Oil, would not extract oil from an area on the east coast that it had exploration licences for. Instead it would monetise keeping the oil in the ground via a partnership with the tech company, Carbonbase, which works on offsetting carbon emissions.
