The Observer: Bears could halt Shell Arctic plan
Sunday May 4 2008
Royal Dutch Shell’s ambition to drill billions of barrels of oil from waters close to the Arctic Circle could be stopped by the polar bear.
Within 10 days the US government will rule on whether the polar bear is an endangered species.
If it is, environmentalists have vowed to take legal action to halt any exploration in Alaska’s Chukchi Sea, under which lie 7 billion barrels of oil and 32 trillion cubic feet of gas.
Last week, a federal court forced George Bush to make a decision on the bear’s classification, which should have been made 18 months ago.
In February, Shell paid hundreds of millions of dollars to the US government for licences to extract oil and gas there. Environmentalists say polar bears, declining as ice melts, will be wiped out if oil is drilled. Last year, Arctic ice melted at a faster rate than ever before. Shell said it is complying with all regulations and is taking every step possible to minimise disruption.
Environmentalists say Bush is determined to force through oil licences in the last months of his presidency.
http://www.guardian.co.uk/business/2008/may/04/royaldutchshell.oil
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