After nearly two decades, Shell has received the final permission from the US government to begin Arctic oil drilling off the coast of Alaska. This comes ahead of President Barack Obama’s visit to Alaska where he will examine environmental issues.
The area approved for drilling in the Chukchi Sea is estimated to contain about 15 billion barrels of oil, while the Arctic is thought to have more than 20 percent of the world’s undiscovered oil and gas resources. Shell says drilling in the area could become a “game changer” for US domestic production. Continue reading “Shell gets final approval for Arctic oil drilling”
