Monday, May 11, 2015

Breaking News: Obama Administration Gives Conditional Approval for Arctic Drilling‏

The Obama administration gave conditional approval on Monday to allow Shell Gulf of Mexico, Inc. to start drilling for oil and gas in the Arctic Ocean this summer.

The approval is a major victory for Shell and the rest of the petroleum industry, which has sought for years to drill in the remote waters of the Beaufort and Chukchi seas, which are believed to hold vast reserves of oil and gas.

The Interior Department decision is a devastating blow to environmentalists, who have pressed the Obama administration to reject proposals for offshore Arctic drilling.

Environmentalists say that a drilling accident in the icy and treacherous Arctic waters could have far more devastating consequences than the deadly Gulf of Mexico oil spill of 2010, when an oil rig explosion killed 11 men and sent millions of barrels of oil spewing into the water.

More:  http://www.nytimes.com/2015/05/12/us/white-house-gives-conditional-approval-for-shell-to-drill-in-arctic.html

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