Mongabay: Following global protests, a series of embarrassing mishaps, and a lengthy regulatory process, Dutch Royal Shell has announced it is abandoning its hugely controversial off-shore oil drilling in the Arctic-this year. The announcement came after the company damaged a containment dome meant to cap an oil spill. The incident was the latest in a series of delays and problems that oil the giant faced in its $4 billion plan to drill in the Chukchi and Beaufort Seas.
“Despite billions of dollars in investments,…

Other Posts: