Shell abandons plans to drill for Arctic Oil
The surprise decision by Shell to abandon its controversial plans to drill oil in the Alaskan arctic. The oil company had spent billions on exploration in the area, and had talked up the potential of the reserves in the area. Investigative Journalist, McKenzie Funk has been investigating the race for the arctic oil reserves. Nine to Noon spoke to him earlier this year about his book Windfall - which looks at how big companies like Shell have been profitting from climate change - with melting ice giving them access to new potential oil reserves.