Environmentalists claim victory as Shell abandons Arctic oil drilling,but the energy company is still pursuing oil and gas elsewhere in the short-termShell’s decision to do its Arctic oil exploration plans in deep freeze will have several knock-on effects for global oil exploration, environmental protests and the future of the company itself.
The broader Arctic retreat by energy firms once bullish approximately polar prospects has now left just two working operations in the region: BP’s Prudhoe Bay field, and which feeds the Trans-Alaskan pipeline,and Gazprom’s largely symbolic Prirazlomnaya platform in the Pechora Sea. Related: Shell abandons Alaska Arctic drilling Continue reading...
Source: theguardian.com