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The Highs and (Mostly) Lows of Shell's Failed Arctic Adventure
Inside Climate News: In the 10 years between Royal Dutch Shell's first purchase of a drilling rig destined for the Arctic and the company's decision to close its Arctic oil and gas exploration program on Monday, it has sunk more than $7 billion into the program. A series of setbacks ranging from permit troubles to legal challenges to equipment failures to improper recordkeeping has littered its route along the way. The oil giant has also faced increasing pressure from environmental activists, local communities and business partners concerned about the associated climate impacts.
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