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Lloyd’s of London Warns of ‘Unique and Hard to Manage Risk’ of Arctic Ocean Oil Drilling

Lloyd’s of London, a large UK-based insurance pool, issued a report today outlining the severe environmental and economic risk of oil and gas drilling in Arctic waters. The stunning report comes as Royal Dutch Shell prepares for exploratory drilling operations in the Arctic – even while leading experts warn that there’s virtually no infrastructure in place to clean up an oil spill in the fragile region.

Think Progress guest bloggers Kiley Kroh and Michael Conathan.