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Don Young

Interior Department curbs future Arctic offshore drilling

Interior Department curbs future Arctic offshore drilling

The Interior Department announced Friday it is canceling future lease sales and will not extended current leases in Arctic waters off Alaska's northern coast, a decision that significantly reduces the chances for future Arctic offshore drilling.

The news follows a Sept. 28 announcement by Royal Dutch Shell that it would cease exploration in the Chukchi and Beaufort seas after spending upward of $7 billion on Arctic exploration. The company cited disappointing results from a well drilled in the Chukchi and the unpredictable federal regulatory environment.

Interior Secretary Sally Jewell said the federal government is canceling...

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