- Obama downplays IRS scandal, blames Obamacare rollout on ‘outdated’ agencies
- Pregnancies decline overall, up among older women
- Pentagon plans to destroy Syrian chemical arms on ship at sea
- Paris Metro issues ‘politeness manual’ to improve passengers’ behavior
- Justin Bieber, crew detained at Australian airport in drug search
- Lee Rigby trial: Muslim who machete-hacked soldier calls it ‘humane’ kill
- GM ending Chevy sales in Europe to focus on Opel and Vauxhall
- Putin’s diplomats to U.S. busted for living high life off $1.5M bilked from Medicaid
- Happy Meal: Couple goes to McDonald’s, leaves with bag packed with cash
- Boehner: It took me 3 to 4 hours to sign up for Obamacare
Shell says it won’t hit oil in Alaska this year
AMSTERDAM (AP) — Royal Dutch Shell PLC said Monday it no longer will seek oil off the coast of Alaska this year after suffering several setbacks.
The company, which so far has spent about $4.5 billion to obtain licenses and prepare for exploratory drilling in the Chukchi and Beaufort seas, said it is scaling back ambitions until next summer after one of its containment systems failed during a test. Earlier, the company delayed drilling because of ice-floe movements.
The company said that in the time remaining this season it plans to drill shallow “top holes” for wells that may be further pursued in coming years.
To obtain approval to drill, Shell fought a long struggle against environmental groups, who say seeking oil in the icy waters is too risky. In a statement Monday, Greenpeace claimed “vindication” and called Shell’s program a “monumentally reckless gamble.”
“Investors must now be asking whether investing such vast sums of money trying to exploit the fragile Arctic is really worth it,” said Ben Ayliffe, head of Greenpeace’s campaign to stop Shell.
Shell said its decision is evidence of how carefully it is proceeding.
“This exploration program remains critically important to America’s energy needs, to the economy and jobs in Alaska, and to Shell,” a statement published by the company said.
Why such hatred toward America's freedom of religion?
- 'Hunger Games' delivers Obama's message on income inequality: liberal group
- Inside China: Nuclear submarines capable of widespread attack on U.S.
- Obama returns to class warfare as poll numbers plunge
- Hack attack: 2 million Facebook, Twitter passwords stolen
- U.S. drops 2,000 mice on Guam by parachute to kill snakes
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
- Russian diplomats busted bilking $1.5 million from Medicaid
- GOP launches candidate training: How to talk to women
- CARSON: Getting to the top by starting at the bottom
- 84 percent of the world population has faith; a third are Christian
Independent voices from the The Washington Times Communities
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John Wood illustrates a new American politics, and the path to get there.
Interviews and show reviews from the Los Angeles punk scene past and present. Los Angeles has always been rich in punk rock talent since punk rock was born.
White House pets gone wild!