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Arctic drilling not consistent with Obama climate change fight, report says

Screen Shot 2015-08-14 at 22.00.17

Arctic drilling not consistent with Obama climate change fight, report says

Screen Shot 2015-08-13 at 11.35.25By: Carl Surran, SA News Editor

  • The Obama administration’s crusade against climate change is “inconsistent” with allowing Royal Dutch Shell (RDS.A, RDS.B) to drilling for oil in the Arctic Ocean, environmentalists warn in a new report.
  • Pres. Obama has said he will consider climate change implications in deciding whether to permit the Keystone XL pipeline that would help ferry Canadian oil sands crude to U.S. refineries, and Greenpeace and Oil Change International argue the same climate test should be applied to other fossil fuel projects such as Arctic drilling.
  • Energy demand models stressing “multiple sources of energy” are flawed too, according to the report, which argues that the Energy Information Administration long-term outlook depicts a scenario that would boost temperatures by at least five degrees celsius.

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