VANCOUVER -- Shell Canada Ltd. has temporarily shelved its plans to drill for coal-bed methane in northwestern British Columbia, delaying work for at least one more season and highlighting concerns over the potential impact of the projects in the remote wilderness area.
September 6th, 2008:
Shell puts cork in methane-drilling plans – for now
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Russia aids rouble’s recovery with floor to assure investors
The exodus of cash has been prompted by concerns over a series of problems, including Russia's conflict with Georgia and the clash between several oligarchs and BP over the TNK-BP joint venture.
Call of the wild
While Odum says he understands the need to preserve the environment and wildlife of the area, he believes Shell knows how to do that; it drilled offshore wells in Alaska in the early 1980s and 1990s and has voluntarily put together a conflict-avoidance agreement with the Alaska Eskimo Whaling Commission. The agreement bars Shell from waters during periods of heavy migration, which is when the hunters go out in small boats, armed with harpoons, to seek 50ft whales. It also calls on Shell to shut down when a whale comes close to its operations. But the environmentalists are not satisfied, which has left the future of Shells drilling operation with the courts.
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