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Obama bans oil drilling 9.8 mil acres Arctic ocean

2015-01-28 11:59:00| Climate Ark Climate Change & Global Warming Newsfeed

RTCC: US president Barack Obama has banned oil and gas drilling in 9.8 million acres of the Arctic ocean, while opening up vast new resources in the Gulf of Mexico. This means that parts of the Beaufort and Chukchi Seas off Alaskas coast can no longer be considered for future oil and gas leases, though it does not revoke existing licenses such as those held by Shell. The five-year leasing plan means that nearly 80% of the undiscovered technically recoverable oil and gas resources on the US Outer...

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