Shell Is Reeling After Pulling Out of the Arctic
BY ANTONIA JUHASZ / OCTOBER 13, 2015
Earlier this month, Shell’s tumultuous Arctic drilling campaign came to an abrupt and costly end. In a written statement, the company announced the cessation of its offshore Alaska activities “for the foreseeable future”—at a loss of billions of dollars. This both stunned and thrilled critics, many of whom worried that the seven-year effort to stop Shell was dead in July,when the Obama administrationapproved the company’s permits to drill.
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