Obama Administration Halts New Oil Drilling In The Arctic
The Department of the Interior canceled auctions for two Arctic drilling leases, effectively halting plans for any near-future oil drilling.By Ethan Weston | October 17, 2015
The Obama administration has effectively ended the prospects of near-future oil drilling in the Arctic off of Alaska's coast.
The Department of the Interior canceled two auctions for drilling leases in the Chukchi and Beaufort seas. (Video via USGS)
The decision came after Shell Oil failed to find significant amounts of oil and chose to walk away from its exploration in the area less than a month ago.