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Thursday, April 2, 2015

Shell lease approved, but hurdles remain

Shell lease approved, but hurdles remain

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Shell’s 2008 purchase of a licence to drill in Alaskan waters has been approved. Now it waits to be granted permission to do so

April 1, 2015 – 8:53pm – By Kevin McGwin
With the decision yesterday by the US federal government not to throw out the 2008 sale of drilling licences off Alaska’s northern coast, it is looking increasingly likely that Shell, an oil firm, will be able to resume its Alaska drilling campaign this year.
The decision, though widely bemoaned on social media by opponents, should have come as little surprise. After first being foreseen by The Guardian, a left-leaning British media outlet, last week, the National Petroleum Council, a federal advisory board led by industry executives, indicated what the outcome would be when it, perhaps not unsurprisingly, recommended on Friday that Arctic exploration not be delayed.





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