Oil Industry Warns Shell not to Drill in Arctic; Why Coal Is no longer King
Oil Industry Warns Shell Not To Drill Arctic. Shell has received the final permits to drill off the coast of Alaska, courtesy of the Bureau of Safety and Environmental Enforcement (BSEE). Many in the oil industry are timid, citing the many high risks involved from both a business and environmental perspective. One expert even predicts that oil demand is set for a long-term decline. If that’s true, drilling in the Arctic would be an epic miscalculation — and a poor business decision. Former BP executive John Browne has publicly warned Shell of the potentially disastrous consequences of their decision, saying, “I think you’ve got to be careful what you do, and cost includes your long-term reputation.”
Why Coal Is No Longer King. In West Virginia, the writing has been on the wall for decades.
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