Green groups are celebrating the news of Shell’s disappointing drilling results off the coast of Alaska, which led the oil giant to stop its drilling program a month after it began.
After spending $7 billion and winning a prolonged fight to get permission to drill in the Arctic, Shell announced early Monday morning that it was going to stop drilling off the Alaskan coast “for the foreseeable future.” Shell was approved for drilling in the Arctic in August by the Obama administration.
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