British energy giant BP forced to abandon hopes of Greenland exploration owing to tarnished reputation from Gulf oil spill
Thursday 26 August 2010
BP confirmed it was no longer trying to win an exploration licence in Greenland (above). Photograph: John McConnico/AP
BP has been forced to abandon hopes of drilling in the Arctic, currently the centre of a new oil rush, owing to its tarnished reputation after the Gulf of Mexico spill.
The company confirmed tonight that it was no longer trying to win an exploration licence in Greenland, despite earlier reports of its interest. “We are not participating in the bid round,” said a spokesman at BP’s London headquarters, who declined to discuss its reasons for the reverse.