Shell forfeits Arctic leases once worth $2b

File photo: John Ryan/KUCBShell is giving back all but one of its leases in the Chukchi Sea.
The announcement comes seven months after Shell said it was halting exploration in Alaska’s offshore Arctic for the foreseeable future.
Gov. Bill Walker calls the news “disappointing.”
Michael LeVine, Pacific senior counsel for the conservation group Oceana, says the lease-surrenders underscore Shell’s exit.
“They’re significant because they really call to an end