Shell drops '11 plan for Beaufort Sea drilling, to try getting '12 air permits

The recent remand of air permits issued by the Environmental Protection Agency was the final driver behind the decision, Slaiby said at a news conference.

Alaska receives upward of 90 percent of its general fund revenue from the petroleum industry, and top state officials reacted strongly to the decision. Democratic U.S. Sen. Mark Begich blamed the Obama administration and the EPA.

“Their foot dragging means the loss of another exploration season in Alaska, the loss of nearly 800 direct jobs and many more indirect jobs,” Begich said. “That doesn't count the millions of dollars in contracting that won't happen either at a time when our economy needs the investment.”

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