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Melting Sea Ice Makes Arctic Drilling a Risky Business

2014-02-05 20:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Central: Sea ice melting partly because of human-caused climate change could open previously inaccessible Arctic Ocean waters to expanded oil drilling, but the risks of drilling there will be extremely high. As sea ice melts in the Arctic, the oil and gas industry has expressed new interest in drilling offshore and is expected to invest roughly $100 billion there by 2023, according to a new paper from the Woodrow Wilson Center, a Washington-based think tank. The paper highlights an agreement between ExxonMobil...

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