This week Shell announced plans to abandon its Arctic oil drilling operations. This is huge.

From activists who scaled Shell’s rig in April or who stopped one of Shell’s ships this July, to the millions of people all over the world who signed petitions, paraded with polar bears, shared stories and helped organise for real environmental justice, this is YOUR victory. Thank you.

© Jason White / Greenpeace
© Jason White / Greenpeace” alt=”Protest against Shell at Fredericia in Denmark
© Jason White / Greenpeace
© Jason White / Greenpeace” class=”wp-image-14380″/>
Protest against Shell at Fredericia in Denmark
© Jason White / Greenpeace

The cost of Arctic drilling

Shell claims that the amount of oil it has been able to find isn’t worth the high costs of what has been one of the most dangerous and expensive projects in the history of fossil fuel extraction (for both the company’s wallet and reputation). The company has already spent upwards of US$7 billion trying to find oil in the Alaskan Arctic, but the environmental costs of Arctic oil are even higher.

In the US, President Obama’s own administration estimates that there would be a 75 percent chance of a disastrous oil spill if Shell got what it originally wanted.

© Mark Meyer / Greenpeace