Posts Tagged ‘exploration’
The Arctic is safer today
Here’s some very good news for the planet—and for Alaska—though not for Shell. The Guardian reports that the US government is canceling some offshore leases and imposing stricter conditions on Arctic drilling. As a result, Shell and other oil companies are unlikely to pursue further exploration in that part of the world. The Guardian: Barack Obama…
Read moreShell games in Alaska
In Alaska, there’s good news and there’s bad news. The good news first: last week Royal Dutch Shell shut down its drilling rig in the Chukchi Sea and gave up its immediate dream of a great Arctic oil bonanza. After seven billion dollars of failed investment in a single dry well, Shell has now followed the lead…
Read moreWe don't need more fossil fuels
Exploration for new fossil fuel deposits should stop now, because we have already discovered far more than we can safely burn. That means no fracking, no oil rigs in the Arctic, no tar sands. It also means no investment in fossil fuel companies as long as they continue to use their profits to “drill, baby, drill” —…
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