Thursday, March 4, 2021
Home Uncategorized US cancels plans to allow Arctic oil drilling

US cancels plans to allow Arctic oil drilling

Washington: The US government has cancelled plans to allow oil drilling along the Arctic coasts of Alaska for the next two years, the interior department announced.

The decision signifies the elimination of offshore lease sales for oil drilling rights in the Chukchi and Beaufort Seas, and comes less than a month after the Shell oil company decided to suspend its exploration for crude and natural gas on the Alaska coast, EFE reported on Saturday.

On September 28, the Anglo-Dutch oil company announced the suspension of its plans in Alaska due to some “disappointing” results from an important oil well in the sea off Chukotka, that unfortunately coincided with a time when the price of crude was at its lowest in recent years.

“Shell will now cease further exploration activity in offshore Alaska for the foreseeable future,” the oil company said at the time. “This decision reflects both the Burger J well result, the high costs associated with the project, and the challenging and unpredictable federal regulatory environment in offshore Alaska.”

“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,” interior secretary Sally Jewell said.

The Barack Obama administration also decided to refuse the requests of Shell and Norway’s Statoil to move to a later date the lease contracts in the Arctic they obtained from the government of George W. Bush.

The two offshore lease sales that the US had planned for the next two years were the one in 2016 for drilling rights in the Chukchi Sea and the other in 2017 for the Beaufort Sea.

Despite the hold on bidding during the next two years, the interior department still has plans for possible lease sales for drilling rights in the Arctic for the years 2020 and 2022.

The final decision in those two cases will be up to the US president elected in 2016.

Meanwhile, environmentalists have opposed all plans to drill for oil in the Arctic, warning that such operations could harm polar bears and seals.

(IANS)

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,773FollowersFollow

Most Popular

Best Sites To Play Andar Bahar Online

By John Graham Playing Andar Bahar is fun, especially when playing on a user-friendly site. It’s a game where you play and win. Besides, it’s...

7 Tips On How To Always Wake Up On Time In College

By Grace Johnson Many students complain that waking up early to go to classes seems to be getting more and more difficult day by day....

US Based OAC To Make The World’s First Space Hotel

If you are a space enthusiast, there is more exciting news as a US-based space construction company, Orbital Assembly Corporation (OAC), is planning to...

Gut Instinct To Figure Out Between Fake And Genuine Reviews

While booking a hotel online, travelers should trust their gut instinct rather than relying on computer algorithms to figure out between fake and genuine...

Study: Customized Diets Could Be Key To Optimizing Mental Health

Lifestyle changes and customized diets could be key to optimizing mental health, a new study suggests. The study indicates that significant customized diets and...

Study: One In Four People, Maybe Living With Some Degree Of Hearing Loss By 2050

Nearly 2.5 billion people worldwide, or one in four people, maybe living with some degree of hearing loss by 2050, and at least 700...

Rare India: Commit To A Life That Puts Planet And People First

The Climate crisis is real, and the travel industry is affected in so many ways that there is an immediate need to address how...

World Wildlife Day: Here Are Some Wildlife Sanctuaries Worth Visiting

With millions of species breathing on earth, the world celebrates Wildlife Day today, March 3, to raise awareness of global flora and fauna. There...

Recent Comments