By Ted Danson On January 30, Shell’s new CEO, Ben van Beurden, announced that the company will not pursue exploration drilling in the Arctic Ocean in 2014. He also revealed Shell’s poor fourth-quarter earnings, attributable in part to offshore exploration expenditures, like those previously made in the Arctic. This announcement is great news for the Arctic ecosystem–home to vast expanses of important habitat for marine life, including many species of fish.
Van Beurden’s announcement came just days after the Ninth Circuit Court of Appeals found that the Department of the Interior (DOI) violated U.S. law in deciding to hold drilling Lease Sale …read more
Source: Huffington Post Green