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December 19, 2014

Chevron Halts Plans to Drill for Oil in the Arctic 
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The oil company Chevron has halted plans to drill for oil in the Arctic.
In a letter to regulators, the company said it would suspend oil
exploration "indefinitely," citing "uncertainty in the industry." The
environmental group Greenpeace says the move is "further proof that
technical challenges of drilling in icy waters, where a spill is all but
inevitable, push costs far too high to be viable, especially with
volatile oil prices."

 

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