Oil Change International, Greenpeace, and Platform – February 2015
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.
Shell, don´t destroy the home of the polar bears and other polar animals. Dont´t destroy the fututre of our children and grandchildren!
You have tried and failed. Leave the Arctic
alone. The gas or oil that is left, needs to stay in the ground.
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!