je.st
news
Shell drops plans to drill in the Arctic for now
2014-01-30 14:06:00| Climate Ark Climate Change & Global Warming Newsfeed
Mongabay: Facing plunging profits, Royal Dutch Shell has announced it will cut exploration and development funding by nearly $10 billion this year, including halting their long-suffering plans to drill in the Arctic ocean. Shell's new CEO, Ben van Beurden, made the announcement yesterday that controversial plans to drill off the Alaskan coast will be put on hold for another year. The announcement comes just days after Shell suffered a legal setback in its efforts to drill in the Arctic Ocean, which has cost...
Tags: now
plans
shell
drops
Category:Electronics and Electrical
Latest from this category |
All news |
||
|