News Summary: Risks seen in Arctic drilling

AP News
Posted: Aug 14, 2012 12:47 PM
News Summary: Risks seen in Arctic drilling

DRILLING FOR DISASTER: Environmental activists warned that drilling for oil in the Russian Arctic could have disastrous consequences because of a lack of technology and infrastructure to deal with a possible spill.

DANGEROUS DELAY: A report from Greenpeace and the World Wildlife Fund concludes that a sizeable spill from a Gazprom drilling platform could contaminate protected areas and nature reserves in less than a day, while emergency teams would take at least three days to reach the area.

NOT WORTH IT? Environmentalists also insist that oil production in the Arctic is unprofitable and cannot survive without government subsidies.