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Shell retreat clouds Obama admin's future exploration policy

2015-09-30 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Greenwire: Royal Dutch Shell PLC's announcement today that it is putting an indefinite pause on its Arctic exploration activities could play a major role in the Obama administration's decision whether to hold additional oil and gas lease sales in the region. Shell today announced it was shelving its Arctic exploration campaign "for the foreseeable future" after its first fully drilled well in the Chukchi Sea in decades turned up "disappointing" results (EnergyWire, Sept. 28). The company's decision offered...

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