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In major setback for Arctic drilling, Obama administration cancels two oil lease sales

2015-10-17 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Washington Post: Citing Shells decision to indefinitely cancel plans to explore for oil in the Chukchi Sea after drilling an initial, unsuccessful test well, the Interior Department late Friday announced it was canceling two Arctic ocean oil lease sales scheduled for 2016 and 2017. The agency also cited a lack industry nominations of specific areas of exploration interest as a reason for not going forward. The sales canceled involved one lease in the Chukchi Sea and another in the Beaufort Sea, to the northwest...

Tags: sales major administration oil

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