For a while now Shell has been trying to suck oil in the arctic. Arctic drilling is extremely dangerous and Shell’s efforts in the north have been ridiculed by Greenpeace. Greenpeace’s efforts have been matched by a ton of organizations (mostly on the west coast) also trying to stop Shell’s folly.
The sane eco-conscious people have won against Shell. Even Bloomberg acknowledges that a reason Shell pulled out of the north is due to activist pressure.
The old-economy company based on hydrocarbon extraction has announced they’ll end their arctic drilling efforts. This means that the company wasted $7 billion dollars!
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