Shell’s Alaska Plans at Risk After Oil Spill

Publication: The Financial Times

Author: Sheila McNulty


05/12/2010 - Royal Dutch Shell’s $3bn (£2bn) investment in looking for oil in Alaska is at risk after the massive oil spill in the Gulf of Mexico.

After four years grappling with more than 10 lawsuits to stop or restrict the drilling, on April 1 the Anglo-Dutch oil group received the final air-quality permit required to start drilling in July. While the permit is being appealed against, Shell still expected the process to move forward.

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“There is just so much at risk in the Arctic,” said Marilyn Heiman, US arctic programme director for the Pew Environment Group, which has joined with Audubon Alaska, Oceana, and Ocean Conservancy in asking for a moratorium.

Read the full article Shell’s Alaska Plans at Risk After Oil Spill on The Financial Times' Web site. (Subscription Required)

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