UK MPs demand moratorium on Arctic drilling, propose unlimited liability.

September 20, 2012 Oil 

Guardian: “British MPs are calling on Shell and others to halt “reckless” oil and gas drilling in the Arctic until stronger safety measures are put in place.”” Politicians also want to impose “unlimited” financial liability on operators and the creation of a “no-drill zone” in a new environmental sanctuary. ….The British initiatives are contained in a report published on Thursday from the cross-party environmental audit committee (EAC) of the House of Commons. …The EAC said it had heard “compelling evidence” from experts during several months of hearings that if a blowout occurred just before the dark Arctic winter returned it would not be possible to cap any oil spill until the following summer.”

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