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World Business Report: Shell gets 'conditional' go-ahead to drill in Arctic

Picture: Shell in the Arctic; Picture credit: AP

12/05/2015

Shell gets 'conditional' go-ahead to drill in Arctic

BBC World Service - World Business Report, Shell gets 'conditional' go-ahead to drill in Arctic

The Anglo-Dutch oil giant has won approval from the US to explore for oil in the region.

Shell gets 'conditional' approval from the US to drill for oil in the Arctic and Australia reveals budget measures to boost counter-terrorism spending and cut foreign aid.

Oil firm Royal Dutch Shell has won approval from the US Department of Interior to explore for oil in the Arctic. The approval depends on Shell also getting the go-ahead from other regulators, according to the Bureau of Ocean Energy Management. Clive Tesar from the WWF Global Arctic Programme in Canada explains why environmental campaigners oppose the move. But Dr Christopher Oakes, North America analyst at Oxford Analytica says programmes like this can actually be good for the US economy.

Also on the programme, economist Roger Bootle from Capital Economics and Andrew Simms, a fellow of the New Economics Foundation discuss the UK's shock election result, what it tells us about the voters and what challenges the government now faces. 

And the BBC's Theo Leggett goes below the streets of London to visit a long-disused underground railway station, which the city's transport authority wants to lease out to commercial tenants.

Picture: Shell in the Arctic; Picture credit: AP

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