Corporate responsibility

The Latest on Corporate responsibility
Updates
Featured Resources
The Latest
Type
Statement: Last oil company pulls out of the Arctic Refuge

Wildlife & wild places

Statement: Last oil company pulls out of the Arctic Refuge

The only oil company to be awarded Arctic Refuge oil leases during the January 2021 lease sale held in the final days of the Trump administration has canceled its lease, according to the Anchorage Daily News. The news of the lease cancellation by 88 Energy comes just days after the news broke that Chevron and Hilcorp terminated their leases in the Arctic National Wildlife Refuge in October 2021.

Media Statements  

Statement: Chevron, Hilcorp reportedly spend $10 million to get out of Arctic National Wildlife Refuge leases

Wildlife & wild places

Statement: Chevron, Hilcorp reportedly spend $10 million to get out of Arctic National Wildlife Refuge leases

Chevron and Hilcorp have paid $10 million to terminate their leases in the Arctic National Wildlife Refuge, according to the Anchorage Daily News, citing page 21 of the 2021 Arctic Slope annual report. A Chevron spokesperson confirmed “Chevron’s decision to formally relinquish its legacy lease position” to the Alaskan newspaper, while Hilcorp did not comment to the outlet.

Media Statements  

Show More