VANCOUVER – British Columbians ratcheted up their opposition to a proposed Shell Canada Ltd. coal-bed methane project yesterday as a group of mayors unanimously approved a resolution demanding Premier Gordon Campbell halt the company’s drilling.
Posts on ‘September 27th, 2008’
Shell and Motiva announced a $1 million donation to the Red Cross to support the organization?s large and lengthy hurricane relief efforts in Texas and Louisiana.
Republican vice presidential nominee Alaska Gov. Sarah Palin staunchly opposed listing the polar bear as an endangered species, arguing that the federal designation could hurt drilling such as Shell?s plans to extract oil from the Chukchi Sea, where polar bears have lived for millennia.
Oil and gas companies are notoriously unpredictable investments.
Shell Oil The president of Shell Oil, Marvin Odum, said that he expected the majority of the company?s oil production in the Gulf of Mexico that was shut as a precaution against hurricanes Gustav and Ike to be back on line within two weeks.
The biggest fine ever imposed by the Financial Services Authority was Ł17 million. On Shell, sitting on $270 billion-worth (Ł146.8 billion) of oil, according to the last accounts.