Environmental groups oppose drilling in the Arctic due to the vulnerability of animals already struggling to survive because of melting sea ice, as well as risk that a spill could pose to the region.
Environmental groups had vociferously opposed Shell’s Arctic drilling bid, as well as the Obama administration’s granting of a drilling permit to the company this spring.
Yet that long-term play is suddenly over – or at least on prolonged pause – after Shell announced Monday that several factors led it to abandon the project “for the foreseeable future“.