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Chevron puts on ice plans to drill in Arctic

It cites economic uncertainty in the industry as oil prices fall
Friday, December 19, 2014 - 05:50
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Chevron Corp is putting a plan to drill for oil in the Beaufort Sea in Canada's Arctic on hold indefinitely because of what it called "economic uncertainty in the industry" as oil prices fall.

Calgary, Alberta

CHEVRON Corp is putting a plan to drill for oil in the Beaufort Sea in Canada's Arctic on hold indefinitely because of what it called "economic uncertainty in the industry" as oil prices fall. In a letter to Canada's National Energy Board on Wednesday, the company