The Environment Finally Wins, Obama to End Arctic Oil Leasing
The Obama administration has ended leasing for oil excavation in the Arctic for the foreseeable future. The announcement came after Royal Dutch Shell said that it was abandoning exploration in the Arctic. “In light of Shell’s announcement, the amount of acreage already under lease and current market conditions, it does not make sense to prepare for lease sales in the Arctic in the next year and a half,” said Sally Jewell, Secretary of the Interior. The Interior Department also rejected requests from Shell and Statoil to extend leases they currently hold for Arctic exploration, citing that the companies could...
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