The politicians in Washington have decided to allow companies to start extracting oil from the Arctic National Wildlife Refuge(ANWR). Not only will this worsen the effects of the climate change, but also ruin one of the largest natural ecosystems in the world, destroying an extremely important protected region.
The United States has recently experienced the full power of phenomena that are believed to have been favored by warmer seas which are a result of global warming.
However, despite this fact, the Trump administration has chosen to ignore the dangers of the climate change, and also the approximately $150 billion needed in order to rebuild after Hurricanes Irma and Harvey.
This decision comes after a 40-year period in which oil companies have been fighting for the right to drill in the area. The region is 19.6 million acres and houses approximately 10 billion barrels of recoverable oil, however, there have been no recent studies that could give an exact number.
Trump is essentially rendering the efforts of the environmentalist groups that were protecting the region useless, as he continues to move forward with this project. Luckily, the president’s decision must first go through Congress.
According to the Washington Post, “The Trump administration is quietly moving to allow energy exploration in the Arctic National Wildlife Refuge … with a draft rule that would lay the groundwork for drilling.”
Until then, members of the Interior Department have started modifying a regulation that is more than 30 years old, in order to allow the oil industry to perform seismic surveys.
Once a new regulation has been drafted and the rule is finalized, companies will slowly start performing seismic tests. While this will not destroy the ecosystem, the drilling projects that usually follow these procedures will.
Many environmentalist groups are outraged by the presidential administration’s decision and intend to take the battle to court. While the proceedings could take years, the final result may save one of the most beautiful places on Earth.
don’t invest in any company involved in drilling in this area .Why ? Well first there is enough oil and gas to last 80 years+. You are going to lose your money.
Second :Solar ,wind,wave power and new other ways of creating/storing energy are here already.
Sounds like corruption by stupid/greedy fools .Climate change is real,don’t be fooled by bull shit .