Governor Issues Statement on Shell Decision
January 30, 2014, Juneau, Alaska – Governor Sean Parnell today released the following statement in response to Shell’s announcement that it would not be exploring off Alaska’s coast in 2014.
“Today’s news is extremely disappointing for Alaska, but certainly understandable given the recent Ninth Circuit Court ruling,” Governor Sean Parnell said. “Multiple years of federal regulatory delay, litigation delay, and one year of operational issues have created barriers to Alaskans’ near-term economic prospects. Still, offshore energy development will play an enormous role in Alaska’s economic future, and I remain committed to responsibly developing our vast offshore resource basin. As we move forward, I am confident Shell can be part of Alaska’s bright future.”
Shell has made major investments in Arctic offshore exploration technology, but the 9th U.S. Circuit Court of Appeals ruled last week against regulatory processes used by the U.S. Department of the Interior in issuing offshore leases to Shell in 2008.
“This is a textbook example of how the federal framework can negatively impact our economy, and how it can actually slow the progress of technology and innovation, harming key national interests,” Governor Parnell said.
Posted: February 5, 2014