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Arctic oil on life support

Green Car Congress

As drilling technology advances, conventional oil reserves become harder to find, and climate change contributes to melting sea ice, the Arctic has moved up on the list of priorities in oil company board rooms. After having watched Shell fumble its Arctic campaign, Statoil put its drilling plans off the coast of Alaska on ice.

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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

Green Car Congress

Markey of Massachusetts, both Democrats, built their climate change bill last year in large measure around it. The legislation would also provide new incentives for domestic oil and gas drilling, nuclear power plant construction, carbon capture and storage, and renewable energy sources like wind and solar. Measurement.

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