World Business Report

BBC World Service

Business, Business News, News & Politics

Chart Positions

Business News 45

The latest business and finance news from around the world from the BBC


WBR: Shell gets go-ahead to drill in Arctic 12 May 15

May 12th, 2015

Episode 329 of 1091 episodes

Oil firm Royal Dutch Shell has won approval from the US Department of Interior to explore for oil in the Arctic. The approval depends on Shell also getting the go-ahead from other regulators, according to the Bureau of Ocean Energy Management. Clive Tesar from the WWF Global Arctic Programme in Canada explains why environmental campaigners oppose the move. But Dr Christopher Oakes, North America analyst at Oxford Analytica says programmes like this can actually be good for the US economy. Also on the programme, economist Roger Bootle from Capital Economics and Andrew Simms, a fellow of the New Economics Foundation discuss the UK's shock election result, what it tells us about the voters and what challenges the government now faces. And the BBC's Theo Leggett goes below the streets of London to visit a long-disused underground railway station, which the city's transport authority wants to lease out to commercial tenants.

Featured Podcast