Posted on 06/20/2008 3:21:08 PM PDT by blu
Shell says it's giving up on plans to drill in the Beaufort Sea this year due to an unresolved court challenge.
This marks the second straight year the Dutch oil giant has been forced to shelve its offshore-drilling plans over the court case.
The decision comes only a day after Shell won a hard-fought air pollution permit for its drilling operations from the U.S. Environmental Protection Agency.
The North Slope Borough, the Alaska Eskimo Whaling Commission and environmental groups last year blocked Shell's drilling plans in a court challenge aimed not at the company directly but at the U.S. Minerals Management Service, which regulates offshore drilling.
The groups argue industrial noise and potential spills court hurt migratory whales and the Beaufort Sea ecosystem.
(Excerpt) Read more at adn.com ...
Envirowackos strike again!
Potential spills...Gimme a break...They're few and far between.
Yeah, but they have a lease. Why aren’t they drilling!
“In February, the company spent a staggering $2.1 billion at a Chukchi Sea lease sale.”
If they can’t drill, they should demand their money back.
Shell has spent $2.1 billion on leases which the 9th Circus Court of Appeals won’t let them drill.
Exactly... The Democrats won’t let them drill on the 68 million acres, either.
Well that’s no excuse there are 68,000 square miles of OCS leases the oil companies should be drilling.
*frantic wringing of hands*
They need to use them or lose them!
*more hand wringing*
It sounds to me like the oil industry has decided that doing business in the US is a lost cause. Exxon is selling its gas stations. I predict an exodus of capital from the US, and that these companies will start to move to other countries.
And the liberal response?
Raise the taxes on US corporations, and “The Rich”.
Precisely the ones who can most easily afford to move elsewhere to avoid taxes.
And take the jobs they create with them.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.