Tag Archives: oil

Canadian government to open up central Arctic exploration

The federal government is opening up bids to start oil & gas activities in Nunavut’s high Arctic. It adds that the area has a lot of opportunities with an estimated 14 trillion cubic feet of gas and 300 million barrels of oil.

On the other hand, we shouldn’t forget that Shell has ‘paused’ drilling in the Arctic & that there’s a federal inquiry into its drilling activities in the US. Canada should take a more circumspect attitude to Arctic exploration.