Green Building Community
Shell Abandons Arctic Drilling - Sign to Keep Other Oil Companies out of the Arctic
Posted by: Allison Friedman // Rate It Green Admin
Great news today - Shell Oil has abandoned plans for further Arctic exploration. At a cost of approximately $7 billion, perhaps this will scare other fossil fuel companies away as well. But maybe not.
Here's a petition you can sign from the League of Conservation Voters to help prevent further Arctic drilling plans:
http://bit.ly/1Jz4i4i
Drilling in the Arctic is just a bad idea. Just as it's so expensive to get the equipment in to explore and drill, it's almost impossible to guarantee a real and timely clean up of potentially devastating spills.
For now, lower oil prices, disappointing exploration and some public pressure have added up to a failing formula for Shell. But if the "tides," change, it's pretty clear other companies will come knocking.
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