shell arctic drilling

Shell and Chevron: Two Oil Giants With Two Very Different Approaches to Climate Change

This week saw two oil companies take two very different approaches to climate change. One has recognised the impact that global efforts to cut emissions will have on its bottom line while the other denies climate action will have any adverse impact.

I’m talking about Shell and Chevron. Both behemoths in the energy world but with drastically opposite views sitting on either side of the Atlantic.

This week Shell released its latest annual report for the year up to December 2015. Reading through it, it quickly becomes clear that the company has started joining the dots on climate change following the Paris climate agreement and mounting shareholder pressure.

A Timeline of Shell’s Arctic Drilling Debacle in 2012

Originally published at Climate Progress. Re-printed with permission. 

by Kiley Kroh and Michael Conathan

This week’s grounding of Shell’s enormous Kulluk drilling rig near Kodiak Island, Alaska has not inspired confidence in its preparedness to drill for oil in the Arctic Ocean.

The rig was being towed from Dutch Harbor, Alaska to Seattle when its tow vessel lost control of the massive platform during a harsh winter storm. After numerous attempts to secure the equipment failed, it settled near the shore of uninhabited Sitkalidak Island in the western Gulf of Alaska on Monday night and remains there – with nearly 150,000 gallons of fuel and other fluids on board. The Coast Guard is coordinating a 500-plus person response to assess the damage, but neither they nor Shell has any idea when or how they will regain control of the foundering giant.

Adding insult to injury, on Thursday, the Alaska Dispatch reported that the reason Shell was working so feverishly to move the rig in such harsh conditions was to avoid paying millions of dollars in state taxes it would have owed if the rig was still in Alaska waters on January 1.

Far from an isolated incident, the latest fiasco is just the most recent in a litany of technical failures and struggles with Mother Nature that continue to accentuate Shell’s lack of preparedness to operate in the region. As Christopher Helman writes in Forbes, “It would be a comedy of errors, if the stakes weren’t so high.”

Rep. Markey Raises Big Questions About Shell's Containment Dome Fail

Rep. Ed Markey (D-Mass), has penned a letter to Secretary of the Interior, Ken Salazar, looking for answers about a Royal Dutch Shell (NYSE:RDS.A) containment dome that “crushed like a beer can” in tests earlier this Fall.

Markey, who is the Ranking Member of the US House Committee on Natural Resources, is referring to a story first broken by Seattle radio station KUOW investigator John Ryan, revealing that in September Shell performed tests on a containment dome that was to be deployed as part of the company's controversial Arctic offshore oil drilling operations.

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