Obama administration delivers big blow to Shell’s Arctic drilling plans
Obama administration delivers big blow to Shell’s Arctic drilling plans
WASHINGTON — The Obama administration delivered a major blow to Shell’s Arctic drilling plans on Tuesday, by ruling that wildlife protections bar the company from simultaneously boring two wells into the Chukchi Sea this summer.
The decision will force Shell to scale back its hopes of completing two exploratory oil wells in waters north of Alaska this summer and is another setback for the firm that has spent seven years and $7 billion trying to find crude in the Arctic Ocean.
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