I’ve written about the protests against the Shell that happened in both Seattle and Portland before and recently big news happened with the oil rig that was headed up to Alaska. Shell has decided to abandon the Arctic drilling plan for the foreseeable future!
BREAKING: Shell has ABANDONED Arctic drilling plan: @urbanrezlife @MayfieldJoy http://t.co/r1BgatzrNk
— Stephanie CrowHawk (@CrowHawk) September 28, 2015
Shell cited disappointing results from a well drilled in the waters north of the Bering Straight and the federal regulatory environment in offshore Alaska. The company has invested roughly $7billion in this specific project but the Arctic has been said to be a very risky and expensive place to explore and develop.