Oil Change International

Exposing the true costs of fossil fuels

Frozen Future: Shell and the US Offshore Arctic

Oil Change International, Greenpeace, and Platform – February 2015

Download Briefing

On 29 January 2015, Royal Dutch Shell confirmed that it intends, subject to regulatory approval, to resume its US Arctic drilling programme at a cost for 2015 of at least $1bn.

To date, Shell’s Arctic programme has been a failure despite capital expenditure in excess of $6bn. 2012’s drilling season beset by multiple operational failings was followed by a ‘pause’ for 2013 and a forced reversal of 2014 plans because of a US court decision.

This briefing examines Shell’s Arctic experiences and outlines key operational and economic issues. We suggest questions investors should ask Shell, to understand whether the company has adequately assessed the various risks it faces.

Comments (3)

  1. Christina klein says:

    Shell, don´t destroy the home of the polar bears and other polar animals. Dont´t destroy the fututre of our children and grandchildren!

  2. Nancy Farha says:

    You have tried and failed. Leave the Arctic
    alone. The gas or oil that is left, needs to stay in the ground.

  3. maria mollenkopf says:

    we need to stop before we have no clean water or land anyway in the u.s. if you keep on polluting the land and water, you may have no one left to sell it too!

Your email address will not be published. Required fields are marked *