Shell claimed at the start of the aborted 2012 drill season to have spent about $4.5 billion on its Alaska Arctic offshore drilling project. This season was quite expensive too, perhaps costing over a billion dollars before this catastrophe. Cleaning up its mess is going to be very expensive. And fighting renewed efforts to keep Shell out of Alaska waters may cost more scores of millions.
|By: EdwardTeller Tuesday January 1, 2013 5:33 pm|