U.S. Seeks Arctic Spill Policy as Greenland Drilling Resumes
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U.S. Secretary of State Hillary Clinton will push for an Arctic oil spill response taskforce this week as Cairn Energy Plc prepares for its busiest drilling season off the coast of Greenland.
Clinton will travel to Greenland’s capital for a meeting of the eight nations that lay claim to the Arctic amid growing concerns about the risks to the environment in light of last year’s Gulf of Mexico spill. Cairn, the first explorer to drill off Greenland in a decade, won approval for four wells this year to tap an estimated 17 billion barrels of oil.