Sep 28, 2015

Shell move dims oil prospects, delights environmentalists

ANCHORAGE, Alaska (AP) — Royal Dutch Shell has abandoned its long quest to become the first company to produce oil in Alaska's Arctic waters, darkening the nation's long-term oil prospects and delighting environmental groups that tried to block the project. After years of effort, Shell is leaving the region "for the foreseeable future" because it failed to find enough oil to make further drilling...

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