Shell's plans in Arctic at risk as Obama advisers call for halt to oil exploration

Shell's plans in Arctic at risk as Obama advisers call for halt to oil exploration
Bert Socket - Sat Jan 19, 2013 @ 05:03PM
Comments: 1

 

The entire future of Shell's drilling plans in the Arctic was put in doubt on Friday after two of Barack Obama's most trusted advisers called for a permanent halt to oil exploration.
 
In a piece for Bloomberg news, Carol Browner, who was Obama's climate adviser during his first two years in office, and John Podesta, who headed his 2009 transition team, said they now believed there was no safe way to drill for oil in the Arctic.
 
Their opinions come at a critical time for Shell, which has invested six years and nearly $5bn trying to gain access to the vast undersea reserves of oil and natural gas in the Arctic ocean.
 
The Obama administration this month launched a high-level review of Shell's plans for the Arctic, after a series of equipment failures and safety and environmental lapses.
 
The company is also struggling to repair or replace its Kulluk oil rig, which ran aground over the New Year, in order to return to the Arctic when the drilling season re-opens in July.
 
Comments: 1

Comments

1. Sarah   |   Mon Nov 20, 2017 @ 06:10AM

I appreciate this decision that was taken during the time of Obama itself. If it was postponed to now, they would have easily got a green signal. It is clear that drilling in the arctic will adversely affect the nature.
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