October 4, 2015

Could This Be the End of Offshore Oil Drilling in the Arctic?

Shell Arctic Drilling ASSOCIATED PRESS

A moment of silence was observed at the start of the Arctic Energy Summit in Fairbanks, Alaska, on Monday, September 28, in response to Royal Dutch Shell's sudden announcement that it has abandoned oil exploration in offshore Alaska "for the foreseeable future." Shell's announcement was a bombshell and caught everyone off guard. The silence in the plenary session hall -- which happens to double as a hockey arena -- was surreal. I wondered: Could this be the end of offshore oil in the Arctic?

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