Wednesday 11 April 2012

Arctic oil rush will ruin ecosystem, warns Lloyd's of London

http://www.guardian.co.uk/world/2012/apr/12/lloyds-london-warns-risks-arctic-oil-drilling
Lloyd's of London, which is the world's largest insurance market, is the first major business organization to question the damage of the oil drilling in the Arctic. The oil drilling in the Arctic is funded with an amount of almost one hundred billion dollars. This drilling is necessary for the rest of the world because the Arctic has a huge oil market . But the pollution and other problems being caused in the Arctic by this drilling are serious. If an oil spill were to occur in the Arctic, it would be much more difficult to clean up than a spill in the Gulf of Mexico, because of the amount of ice. I hope that the drilling goes well and that it doesn't damage the Arctic ecosystem too much because the Arctic is already a problem with the melting icecaps.

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