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Guardian.UK: Can Shell afford Arctic oil?

“No-one can have any surety about what is trapped in the rocky structures 2.5km below the surface until the company has drilled into them (the process may take a year). Despite good prospects they may find nothing, as happened to Cairn Energy in Greenland. It could also be gas. If either of these occur, the company has said it will take the hit and walk away.” Interesting backstory we haven’t generally heard.

09/03/15 • 01:48 PM • Consumption • Environmental • Politics • No Comments

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