On one hand are high costs, questions over technology, competition from other energy resources and geopolitical uncertainty. 4. Whoever eventually succeeds can also claim the 55,000 square miles of sea around the North Pole. Shell, which drilled in the Arctic more than 20 years ago, was the only company that sought U.S. permission to do so this year. The Obama administration has introduced a ban on offshore oil drilling in the Arctic for at least five years. This public repudiation of direct financing for Arctic drilling projects may have contributed to the low commercial interest in the lease sale held at the end of Trumps presidency. https://www(dot)theguardian(dot)com/environment/2010/apr/30/oil-spill-reaches-us-coastlineInstructionsUse the Case Study Assignment Template to do the following:-Describe the relevant facts of the case. There is currently a dispute over who owns a 1,070-mile long (1,721 km) chain of undersea mountains called the Lomonosov Ridge, which runs through the North Pole. Environmentalists argue that oil companies have not demonstrated the capability to clean up an oil spill in water obstructed by ice. The ANONCHK cookie, set by Bing, is used to store a user's session ID and also verify the clicks from ads on the Bing search engine. Betts says the industry may have gotten ahead of itself in itsexcitementat newopportunitiespresented by retreating sea ice. 
Also, ice near the seafloor could prevent the use of the capping stack to contain the well. The National Wildlife Federation released a report in April 2012 detailing some of the scientific findings of the effects on the Gulf of Mexico from the Deepwater Horizon incident. The lack of scientific evidence presents critical concerns about further oil and gas development in the Arctic. In recent years, a growing number of major banks around the world have begun to exclude financing for oil and gas development in the Arctic Refuge and the broader Arctic region. The results could be used to determine the best course for permitting oil drilling leases in the Arctic. http://www.pbs.org/newshour/bb/allowing-arctic-offshore-drilling-undermine-obamas-climate-efforts/, U.S. lets Shell drill for oil off Alaska xref
Critics claim that industrial activity associated with offshore drilling in the Arctic could harm native animals, including polar bears, walruses, seals, and whales already jeopardized by climate warming and declining levels of sea ice. The six activists trying to ban oil and gas drilling in Norway's Arctic seas. Sons de Mar. Focus Questions: Look to the first pages of this chapter for a list of questions designed to give you an orientation and overview of what. Oceana. Also, Chevron Corp. faces up to $22 billion in environmental damages in Brazil, for allowing 3,000 barrels of crude oil to leak into the ocean off the coast of Rio de Janeiro in November 2011.12)LA Times. Course Hero member to access this document, Bovine_Urbanism_The_Ecological_Corpulenc.pdf, SD Practice Drills v2-Aff-Michigan-Round1.docx, Week9-Discussuion - Comparative Advantage.docx, Kazakhstan Institute of Management, Economics and Strategic Research, Kazakhstan Institute of Management, Economics and Strategic Research ETHICS 1103, What do the Rs stand for in CARRUTE CARRUTE is an acronym that explains the, 5 5 pts Question 13 The AIDA diagram is used by marketers to set promotion, In effective reorientations managers use all available points of leverage to, 367099695-Mangesh-Dharwad-Market-Research-Consulting-Marketing.pdf, Question Question A220gsampleofanunknownacidhaving, Appendix 2 Salary Review Worksheet V3.0.docx, Medical_Surgical_Nursing_10th_Edition_Lewis_Test_Bank.pdf (1)-47.pdf, Chapter 9 1 Leader one who influences others to attain goals the greater the, 372021 Quiz Submissions Test 1 19FCST8215320 Database Algonquin College, 69 The central photochemical event light driven electron flow Page 752, SLIDE Principles of Marketing - Chapter 7.pdf, Word test Advertisement messages are presented to the juries with alternative, While some of my participants first began to identify after falling in love with, The start up of the business To be able to penetrate the market a start up, WhatsApp Image 2022-06-28 at 2.05.57 PM.jpeg, CST151 Module 2 - links for your review.docx, Arctic Offshore Drilling Offshore oil and gas reserves, primarily along coastlines in Alaska, California, Louisiana, and Texas, account for a large proportion of the oil and gas supply in the United. The indirect threat to the Arctic ecosystem posed by climate change and the fossil fuel industry's contribution to carbon emissions is the underpinning motivation for Greenpeace's actions. While scientific evidence suggests drilling will damage the marine environment, the full impacts are not well understood, which will be discussed further below. Question: Should we be drilling for oil in the Arctic offshore?SourcesThe Guardian. WebAs the regulator for Arctic offshore oil and gas drilling and production, the National Energy Board (NEB) ensures that offshore drilling is conducted safely while protecting the environment. We have around 90 wells and also made large discoveries. Much of the A high-level commission to study the ecosystems in the Arctic should be setup, and its charter should include studying the effects on the marine environment of an oil discharge in the Chukchi and Beaufort Seas. hb```f``qg`e``? @168
2;/10o(GMtP5lc`nqG%[,s49|H7`c)!2AL8Q`;.pq:Htss["m@wD46h 4Fn-lBL2yJ5Y6=q1IrGQ_]@@QH$.!&Sum/jB#3 ER,F{"|O@j`OxDU@B. ", On the activities of other Arctic exploration companies, he said: "I think there is a generalunderstandingof the challenges in the Arctic and the need to developtechnologyandcompetence.". 4. Framing describes how our responses to situations, including our ethical judgments, are impacted simply by how those situations are posed or viewed. A and B are solidary debtors of X and Y, solidary creditors to the amount of P4,000. Of that, only about 8 percent was recovered or burned off. (2) The Trump administration has opened up the Atlantic, Pacific, and Arctic U.S. coastal areas to oil and gas drilling. Shell has safety vessels standing by, oil collection equipment on hand, and technology ready to drill a relief well in the event it needs to stop a blowout. 0000000996 00000 n
Although the U.S. government has setup several bodies17)The Interagency Coordinating Committee on Oil Pollution Research (ICCOPR) was created under the Oil Pollution Act of 1990 and its purpose was to establish a comprehensive federal research program for oil pollution. Until safety can be assured and the effects of oil on the marine environment are scientifically understood, oil drilling in the Chukchi and Beaufort Seas should be put on hold. Because of. Washington DC: USGS. A Preliminary Assessment of Threats to Arctic Marine Mammals and Their Conservation in Coming Decades. And places like the Hibernia development is arguably more challenging in the sub-Arctic than parts of the so-called blue Arctic north of Scandinavia so geography matters. We will not move faster into the Arctic than technology allows us to make sure than we are able to do it safely.". Evidence suggests that noise from seismic surveys conducted during oil exploration damage acoustic animals such as whales, which can ultimately lead to fatalities if within close proximity.2)Laboratory of Applied-Acoustics. No oil company has ever successfully cleaned up a major spill. (2012, February 17). "20% of the world's unexplored gas and oil potential lies in the Arctic," says Oil. According to Robert Bryce, senior fellow at the Manhattan Institute for Policy Research, there are enormous amounts of recoverable energy resources in the Arctic. While the industry would claim that drilling operations have grown much safer since the Deepwater Horizon and that these are isolated incidents, they merely demonstrate that offshore oil drilling remains inherently risky. If a blowout were to occur at the end of drilling season in October, surface ice could prevent an effective response.19)Government Accountability Office. I approached Shell, BP and Cairn Energy about their past operations and future plans in the Arctic. 
The Arctic Circle may contain 160 billion barrels of oil and 30% of the planet's undiscovered natural gas, the US Geological Survey estimates. The, have thrived in villages along the migration path of the Porcupine caribou herd for millennia and consider the coastal plain to be sacred. Course Hero is not sponsored or endorsed by any college or university. Russian oil companies have been operating in the Arctic for more than a decade. Two years ago, there was a major oil spill in its Arctic territory. The US is proposing to let oil companies drill in northern Alaska, despite the huge Exxon Valdez oil spill in Alaska in 1989. We use cookies on our website to enable certain essential functions, to provide analytics, to store your preferences and improve your experience, and to enable us to reach you on social media platforms. He admits that the second alternative seems utopian. 1. Fifty-five local communities in Nigeria impacted by the oil spill are filing a case against Shell for spilling 40,000 barrels of oil into the ocean.13)Amaize, E. (2012, March 27). Bing sets this cookie to recognize unique web browsers visiting Microsoft sites. Professor Rick Steiner from Oasis EarthSustainabilityConsultancywrote this assessment of what he says are theinherent and unavoidablerisks of Arctic exploration. Inspections of drilling equipment and operations were woefully inadequate. They have cited Article 2 of the European Convention of Human Rights, which protects the right to life, and Article 8, which protects the right to a family life and home. These are techniques that have not changed since the Exxon Valdez spill in 1989.18)National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling. There's lots of oil up there. NID cookie, set by Google, is used for advertising purposes; to limit the number of times the user sees an ad, to mute unwanted ads, and to measure the effectiveness of ads. e-book called Polar Opposites,Opportunitiesand Threats in the Arctic, read a list of their charges against them, Russia today charged Greenpeace activists. 0000002599 00000 n
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arctic offshore drilling case study summary