What it Means: Shell Abandons Arctic Oil Drilling

arctic
Photo source: ©© Sami Keinänen

Excerpts;

Shell is giving up on its expensive and controversial push to produce oil in Alaska’s Arctic waters, a decision that darkens the long-term oil prospects of the U.S. and brings relief to environmental groups that had tried desperately to block the project…

Read Full Article, AP

Interior’s Approval of Shell’s Arctic Drilling Plan Threatens Climate, Ocean; NRDC (05-11-2015)

Shell to resume Arctic drilling off Alaska as green groups warn of disaster, Guardian UK
Environmentalists accuse the government of ‘looking the other way’ after US gives green light for Shell to restart drilling for oil and gas…

Why Would Royal Dutch Shell Abandon the Arctic? (Video) (02-08-2014)
Geologists estimate that the Arctic holds more than 20 percent of the planet’s oil and gas resources. Alaska’s waters alone may contain 24 billion barrels of oil. That’s about three-and-a-half years of U.S. oil consumption. “…The less oil people use, whether by improving efficiency or finding alternatives, the less Shell will be inclined to chase down every last drop at the literal ends of the earth…”

Drilling Will Cost the Arctic its Wildness, Adventure Journal (12-12-2013)

Five reasons drilling in the Arctic is a bad idea, OneEarth (06-2015)

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