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Why nickel and cobalt is being mined in Greenland

Global warming is creating opportunities for those searching for the minerals that are vital for the batteries powering the green economy -- the batteries in electric vehicles, for example, and the huge batteries that'll be needed to store energy for renewable sources such as wind and solar.

KoBold Metals - a company backed by billionaires such as Microsoft founder Bill Gates and Amazon's Jeff Bezos - is now scouring the west coast of Greenland, where global warming is melting glaciers at an unprecedented rate - for those minerals.

Its CEO, scientist and entrepreneur Kurt House has been telling Newshour's James Menendez what he's hoping to find there:

(Photo shows a giant iceberg behind an Innaarsuit settlement, Greenland July 2018. Credit: Ritzau Scanpix/Magnus Kristensen)

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4 minutes