US Coast Guard Needs Billions of Dollars to Cover Oil Companies in the Arctic
Shell
is one of six energy companies hoping to begin drilling for oil and gas
in the Arctic next month. Global warming has led to large amounts of
ice melting, which in turn has opened up new areas off Alaska’s north
coast, ready for oil and gas exploration.Since 2005 Shell has spent $4.5
billion preparing for its upcoming Arctic adventure, but it now turns
out that US citizens may be required to fork out nearly as much in order
to control and regulate oil company operations in the Arctic.The Coast
Guard will need to follow the companies…Read more...
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