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New sanctions to stall Exxon's Arctic oil plans

2014-09-13 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: Exxon Mobils ambitions in Russia appear to have been dashed, at least until the Ukraine crisis is resolved. As part of the latest round of sanctions against Russia, the United States government took aim at Exxons project in the Arctic Ocean, ordering American companies to cut off exports to Russian oil exploration within 14 days. The United States and Europe originally banned technology transfers that aided Russias deep water, Arctic offshore or onshore shale rock formation projects over the...

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