lease sales

A Royal Dutch Shell oil drilling rig is towed toward a dock in Elliott Bay, Seattle, in May. Three weeks after Royal Dutch Shell announced it was walking away from exploratory drilling in U.S. Arctic waters, the Obama administration has taken steps to kee

U.S. Backs Away From Offshore Arctic Drilling

8:09pm October 16, 2015

by Laura Wagner

The Department of the Interior announced that it is canceling scheduled lease sales of land in the Arctic Ocean. It also won't extend existing leases held by Shell and Statoil.