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Benjamin McKeown

Shell abandons Alaska Arctic drilling | Business | The Guardian - 0 views

www.theguardian.com/...atory-well-oil-gas-disappoints

oil arctic

shared by Benjamin McKeown on 07 Oct 15 - No Cached
  • Oil giant’s US president says hugely controversial drilling operations off Alaska will stop for ‘foreseeable future’ as drilling finds little oil and gas
  • Shell has abandoned its controversial drilling operations in the Alaskan Arctic in the face of mounting opposition in what jubilant environmentalists described as “an unmitigated defeat” for big oil.
  • urprised by the popular opposition it faced
  • ...3 more annotations...
  • marginal discovery of oil and gas with its summer exploration in the Chukchi Sea but not enough to continue to the search for the “foreseeable” future.
  • Shell has spent over $7bn (£4.6bn) on its failed hunt for oil
  • t appears that Shell’s chief executive, Ben van Beurden, was also worried that the row over the Arctic was undermining his attempts to influence the debate around how to tackle climate change.
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