Posted by jamie -
2 September 2010 at 3:46pm -
14 Comments
This was the scene on the Esperanza's bridge as Luke called through to Sim on the Stena Don for the last time, as the climbers prepared to leave the oil rig. Apologies for the audio which is a bit fuzzy, but here's a transcript:
Shareholders should question Shell's risky Arctic drilling plans
The past few weeks has been dubbed by many as the 'shareholder spring'. Chief
executives of some of the world’s biggest companies – Aviva, Cairn Energy, RBS, and HSBC among others – have suffered as shareholders have expressed their very
strong disapproval of high pay for executives, as performance has stagnated or even crashed. The new report that we, along
with FairPensions and Platform, have released today shows just how much more shareholders and executives will have to worry about soon.
The Arctic Ocean is the last frontier for international oil companies, with rapid reductions in ice cover (due to climate change from the combustion of fossil fuels) making the exploitation of newly discovered offshore resources possible, at least theoretically. Royal Dutch Shell’s (Shell) proposed drilling programme in Alaska this year is seen as leading the charge into Arctic exploration by major oil companies.