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The US should either let Shell drill in the Arctic or refund its leases

November 12, 2010 9:30am

While Royal Dutch Shell waits to hear from the US government on whether it will be permitted to drill in Alaska next year, environmentalists are stepping up their campaign for a “no” vote.

The Pew Environment Group is the latest to speak out against drilling in the arctic. It has released the most comprehensive analysis done on the challenges to preventing and containing spills in the area. Highlights include noting that darkness, extreme weather and shifting sea ice could delay efforts to stop an oil blowout in the US Arctic Ocean for six months or more.

…if Shell is willing to bet its reputation – and the industry’s access to the Arctic – on its belief that it can drill there safely, then it probably can. But that does not mean an accident is not going to happen.

FULL FT ARTICLE

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