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Royal Dutch Shell Plc
Federal environmental review makes Arctic drilling more likely
Federal environmental review makes Arctic drilling more likely

A revised environmental review of a contested Arctic oil lease makes  drilling in the area far more likely, a development that has infuriated environmentalists. The federal Bureau of Ocean Energy Management released the new environmental assessment of drilling leases on Thursday, upping the projected oil yield but saying little otherwise about the potential environmental impact. The revised report was a particularly bitter disappointment for environmentalists, who had just celebrated the Obama administration's decision in January to put parts of the Beaufort and Chukchi seas off-limits from future oil and gas leasing. The contested oil lease held by Royal Dutch...

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