ConocoPhillips will abandon its shares in oil and gas leases on 169,000 acres near Glacier National Park, saying that a long-standing court suspension stifled efforts to develop the land. Though ConocoPhillips said it could have developed the leases with environmentally friendly practices, it complied with a request by Montana Democratic Sens. Max Baucus and Jon Tester for a voluntary retirement of the leases, company spokesman Charlie Rowton said.

Related Summaries