Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, September 26, 2012

The Energy Journal: Environmentalists Get Surprising Ally in Arctic Drilling


The Energy Journal: Environmentalists Get Surprising Ally in Arctic Drilling ...
Wall Street Journal (blog)
The article demonstrates the rising interdependence between China and Venezuela in the energy sphere, but quotes a Chinese government spokesman as characterizing as “complete nonsense” the notion that China is seeking to influence the Venezuelan ...http://blogs.wsj.com/marketbeat/2012/09/26/the-energy-journal-environmentalists-get-surprising-ally-in-arctic-drilling-debate/

Democratic senators want a stop to Arctic drilling

Kansas City Star -
WASHINGTON A group of Democratic senators is calling for the Interior Department to halt future Alaska offshore drilling leases, saying the president hasn’t made the case that drilling in the environmentally sensitive region is safe.
&#x93 ...http://www.kansascity.com/2012/09/26/3835398/democratic-senators-want-a-stop.html

Even as the ice melts, drilling in the Arctic gets tougher

Washington Post (blog) -
As the world warms, the sea ice in the Arctic has been melting faster and faster with each passing year. Energy companies, in turn, have rushed in to exploit the newly uncovered oil and gas resources in the polar regions. But these Arctic prospectors are ...http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/09/26/backlash-against-offshore-arctic-drilling-grows/

French oil company warns against Arctic oil drilling

CBC.ca -
French oil company Total SA says the costs to be incurred from an oil disaster in the Arctic outweigh the potential resources that could be extracted. Total CEO Chrisophe de Margerie told The Financial Times in an interview published Wednesday that the risks ...http://www.cbc.ca/news/business/story/2012/09/26/total-arctic-drilling.html

Energy Stocks Drop; Total, Shell Weigh In On Arctic Drilling

Barron's (blog) -
By Teresa Rivas. Most energy stocks were trading lower in sympathy with the market today, as crude oil was down nearly 2% at midday. Total (TOT) and Shell (RDSA) were in focus; the former gave a rare warning about the potential environmental damages ...http://blogs.barrons.com/stockstowatchtoday/2012/09/26/energy-stocks-drop-total-shell-weigh-in-on-arctic-drilling/

Energy giant boss writes off Arctic oil

Nature.com (blog) -
Oil company Total's head had written off resource extraction in the Arctic as too risky to be worthwhile, according to the Financial Times. In an interview with the paper Christophe de Margerie, chairman and chief executive officer of Paris-based Total, said that ...http://blogs.nature.com/news/2012/09/energy-giant-boss-writes-off-arctic-oil.html

Total SA, Shell diverge on Arctic drilling

MarketWatch -
Total SA, Shell diverge on Arctic drilling. NEW YORK (MarketWatch) — Total SA talked down the prospects for oil drilling in the Arctic, while Shell reiterated its plans to develop crude exploration off the coast of Alaska on Wednesday, as energy stocks fell ...http://stream.marketwatch.com/story/2012-democratic-national-convention/SS-4-10273/SS-4-12590/

Total against Arctic drilling on ecology issues

RT -
Gazprom postpones Arctic projects attacked by Greenpeace for safety reasons. Gazprom has postponed the start of oil production at its Prirazlomnaya field, Russia's first Arctic offshore oil deposit to be developed, due to safety concerns. An oil rig in the field ...http://rt.com/business/news/total-arctic-oil-warning-021/

Total Warns Against Arctic Drilling

The Moscow Times -
French oil and gas giant Total believes that offshore oil drilling in the Arctic is too dangerous to justify, becoming the first oil firm to endorse environmentalists' warnings about the practice. The risks involved in offshore oil production in the region are simply too ...http://www.themoscowtimes.com/business/article/total-warns-against-arctic-drilling/468781.html

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