Royal Dutch Shell will abandon plans to drill in the Arctic this summer following a court ruling that put its program in doubt.
The U.S. Court of Appeals for the Ninth Circuit ruled last week that the Interior Department erred in its environmental assessment underpinning the 2008 lease sale in the Chukchi Sea off Alaska’s northwest coast, undervaluing the amount of potential development. New Shell CEO Ben van Beurden said that made the legal landscape too murky for this summer.
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