http://thinkprogress.org/climate/2012/09/26/913131/fourth-largest-publicly-traded-oil-company-calls-arctic-offshore-oil-drilling-a-potential-disaster/
Total SA, the fourth largest publicly traded oil and gas company in the world, has become the first major oil producer to admit that offshore drilling in Arctic waters is a risky idea, telling the Financial Times yesterday that such operations could be a “disaster,” and warning other companies against drilling in the region.
The company’s CEO, Christophe de Margerie, said the risk of a potentially devastating oil spill was too high and that “a leak would do too much damage to the image of the company.” His note of caution marks the first time a major oil company has spoken out publicly against offshore exploration in the remote and fragile region.
Total’s message to a growing list of influential voices publicly expressing their opposition to offshore drilling in the Arctic Ocean.
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