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Spain Mulls Fracking After Offshore Drilling Comes Up Dry

2015-01-22 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Christian Science Monitor: A highly controversial oil project that Spains national government had pinned its hopes on was just cancelled. Spanish oil giant Repsol has decided to call off drilling near the Canary Islands, a small chain of Spanish-controlled islands off the coast of Morocco. While oil companies across the globe are slashing capital expenditures and scrapping rigs because of low oil prices, Repsols divisive campaign to drill off the coast of Canary Islands suffered from a different problem. Despite what was...

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