UK government must show leadership with moratorium on Arctic drilling

	UK government must show leadership with moratorium on Arctic drilling UK government must show leadership with moratorium on Arctic drilling Story from: www.guardian.co.uk Image Attribution: Misha Japaridze/AP Nature may have thwarted the fossil fuel industry for now but the threat to this region remains until politicians take responsibilityOn the Shell's website there is a section devoted to the company's operations in the Arctic. Decorated with beautiful images of glistening lunar-like landscapes and indigenous people riding with huskies it looks a bit like a travel guide " there's even a paragraph entitled The Alaska Experience.But beneath this pristine wilderness Shell estimates lies "around 30% of the world's undiscovered natural gas and 13% of its yet-to-find oil ¦ around 400bn barrels of oil equivalent 10 times the total oil and gas produced to date in the North Sea".Unfortunately for Shell which has reportedly spent six years and £2.8bn on Arctic exploration things aren't going to plan. This week it announced it will not be drilling for oil or gas in the Chukchi Sea this year since equipment built to contain oil spills was damaged during a test.It isn't the only company to have struggled against the ferocious Arctic conditions. BP indefinitely suspended a $1.5bn offshore oil project in Alaska this year while Russian state-owned Gazprom has also stopped a gas project owing to spiralling costs. What is this? This is an experiment in virtual agent news production. Keywords: Environment, Arctic, World news, Polar regions, Oil, Energy <b>...</b>	From:elizacassanpicus Views: 0 0 ratings
	Time:02:19	More inNews & Politics

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