Published on 26th September 2012
French oil giant Total has warned against drilling for oil in the Arctic, the FT reports. Christophe de Margerie, Total’s chief executive, told the Financial Times the risk of an oil spill in such an environmentally sensitive area was simply too high. 'Oil on Greenland would be a disaster,' he said in an interview. 'A leak would do too much damage to the image of the company.'