The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
Exxon Starts 'Most Controversial Oil Rig in the World'
For the oil industry, business comes first. After years of preparation, on Saturday ExxonMobil began drilling a $700 million well in the Kara Sea in Russia’s Arctic. It is Russia’s most northerly well.
In doing so, the oil giant has ignored growing concerns over Russia’s role in the Ukrainian conflict, and the sanctions imposed on its business partner, Rosneft, which is run by a close associate of Putin, Igor Sechin, who is also personally blacklisted.
Indeed, the go ahead shows just how ineffectual the sanctions against Russia really are. Exxon’s excuse is that the contract to hire the rig was signed before sanctions were announced, but the oil giant is still working with Putin’s blacklisted inner circle.
Exxon has also ignored huge questions over whether an oil spill in the region could be contained. And of course it has totally disregarded the issue of climate change and the need to disinvest from fossil fuels in the most ecologically sensitive areas, such as the Arctic.
Not surprisingly, the start of drilling was praised by President Putin, who many people feel has blood on his hands over Ukraine. Putin sang the praises of Exxon, calling it “Russia’s old and reliable partner.”
He also labelled the joint venture as a model of “efficient international cooperation” which Russia was “open to expand.”
Putin added “businesses, including Russian and foreign companies, perfectly realize that and despite certain current political difficulties, pragmatism and common sense prevail, and we are pleased to hear that.”
Rosneft is certainly excited by the Kara Sea drilling. The well, known as Universitetskaya, is the first of as many as 40 offshore wells the Russian company plans to drill in the Arctic by 2018.
Igor Sechin calls the drilling of the Kara Sea well the “most important event of the year for the global oil and gas industry. As a result of this work we are planning to discover a new Kara sea oil province. Developing of the Arctic shelf has a huge multiplicative effect on the whole Russian economy.”
Sechin brags about the so-called vast reserves of the region arguing that “The volume of resources exceeds the oil and gas resources of the Gulf of Mexico, the Brazilian shelf, the shelf of Alaska and Canada, and it will be comparable to the resource base of Saudi Arabia.”
Exxon for its part said it was keen to carry on investing in Russia. “Our cooperation is a long-term one,” a spokesperson said. “We see big benefits here and are ready to work here with your agreement.”
Many environmentalists are outraged by Exxon’s Arctic plans. Gustavo Ampugnani, an Arctic campaigner at Greenpeace, argues that “The West Alpha platform is fast becoming the most controversial oil rig in the world. He added that Exxon and Rosneft’s plan “to drill in the ecologically sensitive Arctic is nothing less than absurd.”
You Might Also Like
EcoWatch Daily Newsletter
The world awakened to the hole in the ozone layer in 1985, which scientists attributed it to ozone depleting substances. Two years later, in Montreal, the world agreed to ban the halogen compounds causing the massive hole over Antarctica. Research now shows that those chemicals didn't just cut a hole in the ozone layer, they also warmed up the Arctic.
Formosa Plant May Still Be Releasing Plastic Pollution in Texas After $50M Settlement, Activists Find
On the afternoon of Jan. 15, activist Diane Wilson kicked off a San Antonio Estuary Waterkeeper meeting on the side of the road across from a Formosa plastics manufacturing plant in Point Comfort, Texas.
After Wilson and the waterkeeper successfully sued Formosa, the company agreed to no longer release even one of the tiny plastic pellets known as nurdles into the region's waterways. The group of volunteers had assembled that day to check whether the plant was still discharging these raw materials of plastics manufacturing.
Malaysia Sends Plastic Waste Back to 13 Wealthy Countries, Says It Won’t Be 'the Rubbish Dump of the World'
The Southeast Asian country Malaysia has sent 150 shipping containers packed with plastic waste back to 13 wealthy countries, putting the world on notice that it will not be the world's garbage dump, as CNN reported. The countries receiving their trash back include the United States, the United Kingdom, France and Canada.