In his last days as the US president, Obama banned future drilling in Atlantic and Arctic waters.
Obama relies on a law from 1953, which allows governors to exclude areas at sea of drilling because “it is in the public interest.” Read More
“I will drill all the oil I can.”
This was said by Shell’s CEO Ben van Beurden. last weekend in an interview with News Hour. The boss of Shell responded to the question of whether his company – now there is a climate agreement – will pump less gas and oil?
No, was his answer. As long as the demand is there, Shell will pump all it can get.