after seven years and $7 billion and a couple of spectacular rig disasters and several flotillas of protesting kayaks and people rappelling off a bridge and the rest of it, shell did finally get up to the arctic, and they drilled in the arctic. and what they found was bubkes. a couple of weeks ago shell announced that the company, having found bubkes, was going to give up. after all this time and all that money they were giving up their arctic drilling effort. what they found up there was not worth it. quote, this is a clearly disappointing exploration outcome. shell will now cease further exploration activity in offshore alaska for the foreseeable future. operations will continue to safely demobilize people and equipment from the chukchi sea. the well will be sealed and abandoned in accordance with u.s. regulations. shell got permission to go drill the arctic from the obama administration but shell couldn t pull it off. they didn t get what they needed out there. and that was a co
he became the first sitting president to travel above the arctic circle. he went there specifically to highlight the effects of climate change and to talk about his administration s efforts to combat it. but he did that right after approving drilling the arctic for oil. here s the thing. after seven years and $7 billion and a couple of spectacular rig disasters and several flotillas of protesting kayaks and people rappelling off a bridge and the rest of it, shell did finally get up to the arctic, and they drilled in the arctic. and what they found was bubkes. a couple of weeks ago shell announced that the company, having found bubkes, was going to give up. after all this time and all that money they were giving up their arctic drilling effort. what they found up there was not worth it. quote, this is a clearly disappointing exploration outcome. shell will now cease further exploration activity in offshore alaska for the foreseeable future. operations will continue to safely demobil