Oil Change International, Greenpeace, and Platform – February 2015

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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

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