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Shell Agrees Not to Drill For Oil in the Arctic in 2012

By Andrew Hartsig
This week, Shell admitted what we’ve known all along: the company is just not ready to drill for oil in the Arctic Ocean.
This past weekend, a failed test of Shell’s oil spill containment system resulted in damage to the dome designed to contain oil in the event of a spill. In light of the damage to the containment dome, Shell announced that it was abandoning its plans to drill into oil-bearing layers in the Arctic Ocean this summer. The company said its drilling operations in the Arctic Ocean this summer would be limited to “top holes”—initial sections of wells that do not penetrate into known oil-bearing layers.
According to one media report, trouble with the containment dome started when one of the dome’s winches failed to operate correctly.…

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