“It’s the first time a drill bit has touched the sea floor in the U.S. Chukchi Sea in more than two decades,” – a Shell spokesperson said as the company announced its “historic” first test well in offshore Alaska. And now is not a good time. Shell’s permit to drill was conditional on the company’s…
Last week ministers appeared in front of the Environmental Audit Committee to defend their position on Arctic oil extraction. The Foreign and Commonwealth Office's Polar Regions Unit states that while it is concerned with “the effects of climate change on the Arctic” they also recognise “the potential of the Arctic to strengthen energy security” –…
Yesterday (3rd July) the European Commission published a document outlining its policy position on the Arctic region. Alarmingly, one of the action priorities listed in the press release is "Promotion and development of environmentally friendly technologies that could be used by extractive industries in the Arctic". In the Communication full text (p9) they add: In…
In April the Canadian House of Commons passed an 'austerity' budget that included the loss of 19,200 public sector jobs, cutting federal programs by $5.2 billion per year and raising the retirement age from 65 to 67. Yet Canada is significantly less austere when it comes to their military spending. This week it was announced…
Shell’s Annual General Meeting tomorrow is unlikely to go calmly. The company’s problems range from anger over excessive executive pay to spills in the Niger delta. At this time, Platform, Greenpeace and FairPensions are putting to scrutiny offshore Arctic exploration as a key direction in the company’s strategy. The new report ‘Out in the Cold…
This article first appeared as an introduction to a report, Risking Ruin: Shell’s dangerous developments in the Tar Sands, Arctic and Nigeria, published on 18 May 2012 by Indigenous Environmental Network and Athabasca Chipewyan First Nation. As economic austerity bites, major oil companies are making staggering profits. A high oil price in 2011 made Shell $30.92 billion in annual…
Shell’s plant is located directly on my father’s hunting grounds and today, instead of feeding my family, these lands kill my community. Shell’s plans to expand bitumen refining in an area already devastated by pollution is effectively a death sentence for our culture, lands and people. Ron Plain This report profiles the global Indigenous communities impacted by Shell’s operations in Canada’s Alberta Tar Sands,…
West LB have decided not to finance oil & gas development projects in the arctic and F & C have dropped Arctic oil explorers Cairn from their ethical portfolio. The German corporate finance & investment bank, West LB, launched a new environmental policy in February and its guidelines are important in relation to the push…