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responsibilities including ownership of subsurface resources. The Act (2009), which sets out a
complex financial arrangement, links economic independence with hydrocarbon and mineral
development. As a highly simplistic explanation, Greenland receives a subsidy of DKK 3,439.6
million (adjusted annually based on price and wage indices) and revenues accrued from subsurface
resource extraction go toward reducing the subsidy. Once the subsidy is reduced to zero, the
Greenlandic government may enter into negotiations with Denmark regarding future financial
relations and the introduction of independence from Denmark. However, whereas Denmark has
devolved duties to Naalakkersuisut, Greenland has ce