Home › Shell Resumes Arctic Drilling But Cuts $15B from Global Investment
 

Keywords :   


Shell Resumes Arctic Drilling But Cuts $15B from Global Investment

2015-01-29 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

BBC: Royal Dutch Shell is reviving plans to drill for oil in the Arctic in a move likely to intensify its battle with environmentalists. The Anglo-Dutch giant's chief executive Ben van Beurden accepted that Arctic drilling "divides society", but said the world needs new sources of oil. Greenpeace said Shell was taking a "massive risk" in a "pristine" region. Shell also announced a $15bn (9.9bn) cut in global spending, and profit figures that disappointed investors. The cut in investment -...

Tags: global investment shell cuts

Category:Electronics and Electrical

Latest from this category

All news
»
26.06Strategic use of soybean meal to maximize hog carcass weight during summer
26.06Eastern North Pacific Tropical Weather Outlook
26.06Atlantic Tropical Weather Outlook
26.06Aer Lingus pilots begin industrial action over pay dispute
25.06Water requirements in the summer
25.06New model Is transforming the study of liver abscesses in cattle
25.06Royal Mail buyer to make offer for all staff shares
25.06World's biggest music labels sue over AI copyright
More »