Aping the Department of Precrime in the film "Minority Report," the oil giant attempted to sue 13 environmental groups on the grounds they would inevitably sue it to prevent its Arctic drilling efforts.
In a July letter, the company requested a five-year pause in its leases to drill in the Arctic, as they're set to expire in 2017. Shell has already spent eight years trying to develop oil in the region without success.
Shell’s decision to suspend its Arctic operations comes after a federal appeals court ruled last week that the U.S. government had not properly assessed the risks of drilling in the Arctic before it sold leases for exploration drilling back in 2008.
Shell's ambitions to drill for oil off the coast of Alaska received another blow Wednesday, when the 9th Circuit Court of Appeals ruled that the Interior Department had failed to adequately assess the scale of oil production that could result from the 2008 sale of leases in the Chukchi Sea.
Royal Dutch Shell includes a high carbon price when evaluating new projects. The $40 a metric ton price that Shell uses -- if widely adopted -- would reshape domestic and international energy consumption and investment trends.