U.K. Lawmakers Call for Moratorium on Arctic Oil & Gas Drilling
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Oil and gas companies including Royal Dutch Shell Plc and Cairn Energy Plc should be prevented from drilling in the Arctic until rigorous environmental regulations are in place, a panel of U.K. lawmakers said.
Oil spill response techniques haven’t been proven to work in Arctic conditions, the multiparty Environmental Audit Committee said today in an e-mailed report. It proposed a halt to drilling until stronger safeguards are in place in an effort to avoid leaks on the scale of BP Plc’s Macondo disaster in the Gulf of Mexico in 2010.