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BP to pump $1 billion into its Alaska drilling efforts

2013-06-06 02:13:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: Not content with wrecking the Gulf of Mexico`s ecosystem, BP has announced that it is expanding its operations at the far northern end of the country, on Alaska`s North Slope. BP plans to increase its spending in the region by $1 billion over five years, increasing its fleet of oil rigs at the North Slope from seven to nine by 2016. The announcement came after state leaders reduced taxes on oil companies. In May, Gov. Sean Parnell (R) signed legislation that cuts oil taxes to a flat 35 percent...

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