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Arctic was a bet that didn't pay off, departing Shell chief says

2016-02-26 14:09:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: The departing chief of Royal Dutch Shell Plcs U.S. division, who presided over its failed quest to find crude in Arctic waters off Alaska, said the effort was still a point of pride because it demonstrated the companys technical expertise. Marvin Odum, 57, is leaving the company in a reorganization announced Wednesday. He has been with the company for 34 years and held the post atop its U.S. division, Shell Oil Co., since oil prices were at record highs. The Arctic was "a big bet," Odum said...

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