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Monday, September 28, 2015

Shell abandons Arctic drilling – $7 billion later

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Just a few short months after finally gaining access to the Arctic, Shell has announced it is abandoning efforts to drill for oil and natural gas in Alaska following “disappointing” results of initial explorations. Shell’s decision to abandon the Burger J exploration well, located approximately 150 miles offshore from Barrow, Alaska, has caused resounding celebration amongst advocates for the environment, who worked for years to block drilling efforts. But will this decision close the book on offshore drilling in the Arctic?

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