arctic

Sylvia Pfeifer

It’s not often that you meet a life size polar bear on your way into work but that is what greeted staff at Cairn Energy in Edinburgh this morning. The Scottish oil and explorer is being targeted by Greenpeace as part of an ongoing campaign to stop the company from exploring in the waters of the Arctic off Greenland.  Read more

Kiran Stacey

Wikileaks has an impeccable sense of timing. As Hilary Clinton meets counterparts from Arctic nations in Greenland to talk about oil, the whistle blowing website publishes a raft of cables showing just how much international tension the country’s natural resources have provoked. Read more

Kiran Stacey

[Michael Bromwich] In this week’s readers’ Q&A session, Michael Bromwich, director of the Bureau of Ocean Energy Management, Regulation and Enforcement, answers your questions.
In this second post, he discusses the reliability of blowout preventers (BOPs), the future of drilling in Alaska, and whether commercial concerns dictate his decision making. Read more

FT Energy Source

Sheila McNulty

While Royal Dutch Shell waits to hear from the US government on whether it will be permitted to drill in Alaska next year, environmentalists are stepping up their campaign for a “no” vote.

The Pew Environment Group is the latest to speak out against drilling in the arctic. It has released the most comprehensive analysis done on the challenges to preventing and containing spills in the area. Highlights include noting that darkness, extreme weather and shifting sea ice could delay efforts to stop an oil blowout in the US Arctic Ocean for six months or more. Read more

Sylvia Pfeifer

Cairn Energy has been forced to suspend its operations on one of its rigs in the Arctic after four Greenpeace campaigners scaled the rig early on Tuesday morning in a bid to stall oil drilling in the region. The UK oil and gas explorer has plans to drill four wells off Greenland’s west coast, but the recent BP oil spill in the Gulf of Mexico has raised fears over the risks of offshore drilling. Greenpeace’s interruption may only be temporary this time but expect more protests over the coming weeks. Read more

Masa Serdarevic

Nothing like the words “Arctic” and “oil drilling” to get the environmental campaigners excited.

Add banks to the mix, and you have the perfect mix for a modern day witch-hunt.

The latest targets are Cairn Energy and the Royal Bank of Scotland. In a joint press release, PLATFORM, Friends of the Earth Scotland and the World Development Movement on Tuesday said they “condemn [the] link between public money and Cairn’s Arctic drilling – RBS provided loan to oil company one month before it acquired rig for arctic drilling.” Read more