Just as BP finally agrees to pay nearly $21 billion to settle claims relating to the disastrous Deepwater Horizon spill, the oil giant is proposing to drill four exploration wells in the Great Australian Bight, which threatens these pristine waters off the Southern coast of the country.
Offshore
New report details the climate case against drilling in the Arctic
Our new report today details a clear case against drilling for oil in the Arctic ocean based on climate science imperatives. The report shows U.S. Arctic offshore oil should be deemed an “untouchable” fossil fuel reserve by any reasonable measure.
Mexico’s “Sale of the Century”
Mexico is opening up its lucrative offshore oil fields for the first time in 80 years, and in the words of the Financial Times, which devotes a whole page of the paper to the subject, “it is shaping up to be quite a feast.”
OCI Response to Conditional Approval of Shell’s 2015 Arctic Drilling Plan
Today’s decision to rubber stamp Shell’s 2015 Arctic Exploration Plan is yet another example of the dangerous disconnect between our climate imperatives and the Obama administration’s energy policy.
Frozen Future: the gaps in Shell’s Arctic spill response
Shell is currently moving its drilling rigs to Seattle in anticipation of resuming its US offshore Arctic drilling programme in July. However, it is far from clear that Shell has adequate physical or financial plans to deal with the impacts of a major oil spill in this remote region.
Ghost of Brent Spar Haunts Shell
Twenty years ago the oil giant Shell was embroiled in two separate controversies, which still haunt the company to this day.
Rosneft Announces Arctic “Victory”
There was grim news over the weekend for those fighting Arctic drilling as the Russian energy giant Rosneft announced that it had struck oil in the world’s most northerly well, deep in the Arctic.
Norway Examines New Arctic Drilling
Yesterday, Norway’s ruling Labour Party took a “major step” towards opening up other areas of the Arctic to oil drilling that are currently restricted from drilling
“Blundering” Shell Has to be Banned from Arctic
The latest disaster is just one more in a long list for Shell in its Arctic debacle. It gives further fuel to the fire for those who argue that oil drilling in the region should be banned.
Obama Continues to “Drill Baby Drill”
Later today as part of Obama’s “All of the Above” energy strategy, the Bureau of Ocean Energy Management will hold an oil and gas lease sale that will make more than 20 million offshore acres available to oil and gas drilling.