Shell’s Alaska Offshore Drilling Plans Abandoned Until Next Year

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Following a series of setbacks, Royal Dutch Shell PLC announced on Monday that it will be abandoning plans to drill for oil this year off Alaska’s coast.

Some environmental groups reacted with hesitant optimism, as Greenpeace declared in a press statement that “the Arctic is proving to be the company’s Waterloo,” but added, “the fight continues.” Greenpeace had previously launched a “Save The Arctic” campaign to create a global sanctuary around the North Pole and ban offshore oil drilling in the Arctic. The group added that this campaign “won’t stop until the region wins protection.”

Read Full Article, The Huffington Post

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