High risk, no reward

Royal Dutch Shell's artic dream is dead

The Arctic holds a quarter of the world’s undiscovered petroleum; however, drilling projects based there have faced harsh terrain, regulatory hurdles and outspoken environmental activists. Royal Dutch Shell recently tabled a US$7 billion drilling project, following companies such as Chevron, ConocoPhillips and ExxonMobil who are no longer interested in exploring the Arctic’s high-risk reserves.
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