In late March, the U.S. Department of the Interior swung the door wide open to drilling in the remote waters of the Arctic Ocean when it announced that it was reaffirming controversial Bush-era leases for the Chukchi Sea. In 2008, the Bush administration offered nearly 30 million acres of remote and poorly understood ocean to […]
Oil companies dump plans to explore the Arctic
After years of mishaps and false starts, some oil companies are giving up on , in the Arctic. Many companies have allowed their leases on offshore Arctic acreage to expire. Since 2003, the rights to an estimated 584,000 acres in the Beaufort Sea have been allowed to lapse. The oil industry was once optimistic about […]