Shell will not sanction Arctic exploration until at least 2020
Kamal Ahmed: Business editor: 17 Sept 2015
As it moves, gingerly, through the first stages of exploration 70 miles off the Alaskan coast, Royal Dutch Shell has revealed its commitment to drilling in the Arctic.
And how long it will be before any oil or gas actually comes out of the ground – if at all.
Despite environmental concerns and the low oil price, Ben van Beurden, Shell’s chief executive, told me that as the world’s energy demands increased, the hunt for new resources was as important as ever.
The Arctic, he points out, has long been a source of oil and gas production. Environmental safety would be the priority, he insisted.
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