Hundreds of protesters in kayaks and other vessels turned out on Saturday for a protest dubbed the “Paddle in Seattle,” and on Monday, organizer say they expect hundreds to flood the Port of Seattle’s Terminal 5 and Harbor Island.
Kayakers gathered in formation and hoisted signs and banners that read: “Climate Justice,” ”Oil-Free Future,” ”Shell No, Seattle Draws The Line,” and “We can’t burn all the oil on the planet and still live on it.”
The watery protest marked a pivotal moment for an environmental movement increasingly mobilized around climate change, but the scene also suggested how outmatched Shell’s opponents have been as they try to keep the petroleum giant from continuing its $6 billion effort to open new oil and gas reserves in one of the world’s most dangerous maritime environments.
Subsea 7 is not yet elaborating on whether its North American headquarters at the Westgate complex in Houston’s Energy Corridor will be impacted much, but the company did say it has begun consulting with employees in the United Kingdom and Norway where a lot of its operations are run.
For the first quarter of 2015, McDermott posted a loss of $14.5 million, or 6 cents a share, including $10.4 million in restructuring charges, which compared to a larger $46.5 million loss, or 20 cents a share, for the same quarter in 2014.
Shell moved one step closer to resuming its $6 billion quest for crude in the Arctic on Monday, with the Obama administration’s approval of its broad plan for exploratory oil drilling in the Chukchi Sea north of Alaska.
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