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Investors should be worried Shell revived Arctic oil ambitions

2014-08-29 13:05:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: Responsible investment charity ShareAction has warned that investors should be concerned by Shells revived plans to drill in the Arctic, after the oil giant admitted it has failed to meet environmental targets elsewhere. The company had suspended its plans for Arctic exploration earlier this year, but on Thursday submitted a proposal to the US government that would see it construct two rigs in the Chukchi Sea, northwest of Alaska. However, on Wednesday Lorraine Mitchelmore, president of Shell...

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