Exxon Tries to Put the Worst Behind it With $20 Billion Writedown
By Jennifer Hiller HOUSTON, Nov 30 (Reuters) – Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion,...
“Imagine you’re that activist. For a moment, in the middle of the chaos of protesting in the frigid Arctic ocean, you lock eyes with a Russian Coast Guard officer. He is there to stop your peaceful protest, and help ensure the company’s operation goes ahead.”
That’s how Greenpeace saw it today when they boarded the Prirazlomnaya, the Russian arctic production platform located 60 kilometers offshore in the Pechora Sea. 11 warning shots were fired by Russian security services at the Greenpeace vessel Arctic Sunrise. The activists are now being held by the Russian security service.
This is the same platform that Greenpeace Executive Director Kumi Naidoo and his team boarded a year ago.
The activists are attempting to halt production operations on the rig which they claim has not been maintained properly and is in imminent danger of spilling oil into the arctic. Their claim is supported by the following video which they say comes from the rig itself.
We are unable to independently verify the source of the video however.
The significant issue is not necessarily whether or not the Prirazlomnaya is fit to produce hydrocarbons, but rather the frightening escalation of force exhibited by the Russian security toward Greenpeace.
In August, Russian authorities boarded the Arctic Sunrise threatening the use of force against the activists unless they withdrew from the area.
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