Senate bill would give oil companies a decade more to drill in Arctic leases
By Jennifer A. Dlouhy: July 27, 2015
WASHINGTON – Shell and other oil companies with leases in U.S. Arctic waters could get an extra 10 years to develop them under a proposal advancing in the Senate.
Sen. Lisa Murkowski, R-Alaska, embedded the Arctic lease provisions in a broader bill that also would lift the U.S. crude export ban, expand offshore drilling and give coastal states a greater share of revenue from the activity.
The measure is slated for action in Murkowski’s Energy and Natural Resources Committee this week and next. If the panel approves the offshore drilling legislation, that would prime it for floor consideration after the Senate’s August recess and position it as a possible addition to a comprehensive energy package also moving through the committee.
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