BP Quits Plans to Drill in Alaskan Refuge

BP has withdrawn from a group lobbying to open the Alaskan wildlife refuge to exploration. The will reconsider exploration plans only if given the approval from the government. A BP spokesman said they had stopped contributions to Anchorage-based Arctic Power, founded in 1992 to lobby U.S. authorities to allow oil production in the Coastal Plain of north Alaska's Arctic National Wildlife Refuge.

"We feel it is for the American people to decide whether ANWR should be opened up... and once that decision has been made, we will make our own decision as to whether we want to be involved or not," he said.

BP currently produces approximately 300,000 barrels per day from its Prudhoe Bay facilities.