Shell stops drilling in the Arctic

Shell arctic drillingIn the last few years the ice of the Arctic has been melting increasingly fast. This has increased the willingness of oil companies of all colors and stripes to dig there. Among them, the Royal Dutch Shell.

Given how Arctic oil would be difficult to retrieve safely and how little they would ease the pressure on prices – see my previous posts on the matter – it’s no surprise that the company has suspended for this year its activities there.

Both the Economist and the Huffington Post – as well as many other sources – have dedicated articles to the news. Let’s hope Arctic oil drilling will never happen.

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Worth an article – my September 2012 tweets have been committed since January 2007 to bring you each month a selection of the latest headlines and best researches on sustainable development, climate change and the world energy sector.

However, I don’t blog as much as I would like to and generally write around 25 posts per month. But many more news are worth reading. This is why I use Twitter to share dozens of news that are worth your time.

I believe it offers a good complement to this website. So if you are on Twitter and like this selection, don’t hesitate to start following me.

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Why drilling for oil in the Arctic is downright crazy

As China and Iceland signed last week a treaty on arctic oil and as a small spill declared in Russia, I thought it was appropriate to write about a previous article from Climate Progress on the risks of such practices.

As Kiley Kroh noted there: ” Analysts at one of the world’s largest insurance markets are warning that offshore drilling in the Arctic would “constitute a unique and hard-to-manage risk ”

“Lloyd’s of London, a large UK-based insurance pool, issued a report today outlining the severe environmental and economic risk of oil and gas drilling in Arctic waters.”

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If you think that offshore drilling is a solution…

… you should have a look at the image on the left. Drilling offshore won’t solve the various problems. Similarly, drilling the Arctic oil won’t improve the situation either. The situation seems hopeless ? It is not, as energy efficiency is a solution that can address the problem permanently and that also can seriously help … Read more

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