Davis Strait estimated that at least 13% of the world's undiscovered oil deposits and 30% of the world's undiscovered gas pockets are located in the Arctic, with the seas around Greenland potentially holding large amounts of natural gas and lesser amounts of crude oil and natural gas liquids. This has led Greenland's minister and provincial council to offer a large number of off-shore concessions to potential hydrocarbon (oil and gas) extraction. The largest concessions areas are located in seas west of Greenland, primarily the Davis Strait and Baffin Bay, but with several smaller concessions in the Greenland Sea in the east also.
Baffin Island in the middle of the island, has been retreating since at least the early 1960s, when the Geographical Branch of the then-Department of Mines and Technical Surveys sent a three-man survey team to the area to measure isostatic rebound and cross-valley features of the Isortoq River. Conversely, in the 1970s parts of Baffin Island failed to have the usual ice-free period in the summer. The island has been continuously inhabited by Inuit peoples for centuries. In September 2008, "Nunatsiaq News" reported that a team led by Dr. Patricia Sutherland of the Canadian Museum of Civilization had found archaeological remains of