A massive shift away from fossil fuels is a prospect that Big Oil can no longer rule out.
The company is the latest industry giant to report huge drops in earnings from 2014 to 2015. BP, Exxon and Chevron have also seen their revenues fall steeply.
OPEC’s failure to agree on production cuts last Friday has sent prices down further.
Royal Dutch Shell has announced its quarterly financial results. They’re not good, and Shell’s dry hole in the Chukchi Sea is just one factor.
A recently published report says burning all the world’s currently attainable fossil fuels would melt the Antarctic ice sheet, putting places such as Florida and the East Coast under water.
The arrival of the Fennica after a month’s delay means the company could get to drill for oil beneath the Chukchi Sea this summer.
Activists say climate change and the risk of an oil spill make drilling in the Arctic Ocean a dangerous mistake.
There’s very little opposition in the tiny Alaskan town in comparison to that in Seattle, where some environmental activists went so far as to chain themselves to one of Shell’s Arctic drilling support vessels last month.
A crowd of about 40 gathered in the drizzling rain outside Juneau’s federal building this Thursday to protest Royal Dutch Shell’s oil rig, the Polar Pioneer.
A giant drill rig operated by Royal Dutch Shell undocked Monday morning from Terminal 5 in Seattle. The Polar Pioneer is headed for Dutch Harbor.