(Reuters) - ANCHORAGE, Alaska, July 20 - A U.S. federal
appeals court has ordered Royal Dutch Shell Plc to
suspend oil exploration operations in the Beaufort Sea off the
north coast of Alaska pending a legal challenge being brought
by environmental activists and Alaska native groups.
The ruling deals a serious blow to Shell's plan to drill up
to four exploration wells during the brief Arctic summer to
test a $44 million bet the company placed on the region in
2005. Oral arguments in the case are set for Aug. 14.
Read more at Reuters.com Bonds News
appeals court has ordered Royal Dutch Shell Plc to
suspend oil exploration operations in the Beaufort Sea off the
north coast of Alaska pending a legal challenge being brought
by environmental activists and Alaska native groups.
The ruling deals a serious blow to Shell's plan to drill up
to four exploration wells during the brief Arctic summer to
test a $44 million bet the company placed on the region in
2005. Oral arguments in the case are set for Aug. 14.
Read more at Reuters.com Bonds News
No comments:
Post a Comment