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Total Warns Against Oil Drilling in Arctic

Published: Tuesday, 25 Sep 2012 | 7:58 PM ET
Total SA says energy companies should not drill for crude in Arctic waters, marking the first time an oil major has publicly spoken out against offshore oil exploration in the region.
Christophe de Margerie, Total’s chief executive, told the Financial Times the risk of an oil spill in such an environmentally sensitive area was simply too high.

 

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