While consumers are enjoying record low oil prices, Dutch Shell is paying a tab of billions of dollars. The stubborn oil company refused to listen to the warnings of its shareholders and the pleas of environmentalists.
According to Bloomberg.com, Dutch Shell’s shareholders questioned why they should support a drilling program that could pollute and contaminate seafood in May.
Undaunted Dutch Shell began oil exploration.
Environmental and activist opposed the decision and Greenpeace occupied the company’s oil rigs in protest.
Dutch Shell ignored their opposition.
After losing billions of dollars, being fined for air position, the company has halted it’s oil exploration efforts in the Alaskan Artic.
A day late and a dollar short.