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Shell Resumes Arctic Drilling But Cuts $15B from Global Investment
2015-01-29 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
BBC: Royal Dutch Shell is reviving plans to drill for oil in the Arctic in a move likely to intensify its battle with environmentalists. The Anglo-Dutch giant's chief executive Ben van Beurden accepted that Arctic drilling "divides society", but said the world needs new sources of oil. Greenpeace said Shell was taking a "massive risk" in a "pristine" region. Shell also announced a $15bn (9.9bn) cut in global spending, and profit figures that disappointed investors. The cut in investment -...
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Category:Electronics and Electrical