Extract from an article by Professor Richard Steiner published 25 July 2014 by The Arctic Sounder
Already suffering extreme effects of climate change, drilling in the Arctic Ocean would make matters worse by adding significant industrial disturbance, including platforms, pipelines, tankers, ports, ship and air traffic, underwater noise, suspended sediment, and of course oil spills with no hope of cleanup. The area’s remoteness, severe weather and icy seas make drilling here a high-risk, unacceptable gamble.
Just ask Shell Oil. In perhaps the most intensely scrutinized offshore drilling project in history, Shell’s calamitous 2012 Arctic drilling effort off Alaska displayed arrogance, incompetence, and a reckless disregard for the risks involved.
British oil giant is determined to continue its work in Russia and will not change its business strategy in the country, despite the sanctions imposed against Moscow by the United States and European Union, representative of Shell’s press service told RIA Novosti on Friday.
Extracts from a Reuters article by Christopher Johnson published Wednesday 23 July 2014
Extracts from an article by David Thorpe published 22 July 2014 by What Investment under the headline: “M&G: BP is a better investment than Shell right now”
