Conservation group wants SEC to investigate oil company’s statements on plans for oil exploration in the Chukchi Sea
By Summit Voice
SUMMIT COUNTY — Environmental activists say they want Royal Dutch Shell stockholders to know about all the potential risks and liabilities associated with the company’s plans to drill for oil in the Arctic ocean.
In a letter to the Securities and Exchange Commission, the Center for Biological Diversity charges that Shell may have made false and misleading statements, and omitted crucial information about its readiness to drill in the Arctic Ocean.
Considering the chain of corporate events leading up to BP’s massive oil disaster in the Gulf of Mexico, it’s doesn’t require a huge leap of faith to imagine that an oil company may not be completely forthright about its activities, but the environmental group even offered specific examples of Shell’s preparations for oil drilling. (more…)