Regulator OKs ConocoPhillips to begin fracking in Canadian Arctic

|About: ConocoPhillips (COP)|By:, SA News Editor

Canada's National Energy Board approves an application by ConocoPhillips (COP) to begin exploration drilling in the Northwest Territories, the first permission granted for fracking in the Canadian Arctic north.

The regulator authorizes COP to drill two exploration wells near the town of Norman Wells, an area that has been a site of conventional oil drilling and production for decades.