Shell exits North Sea oilfield project
London (AFP) Dec 3, 2021
Royal Dutch Shell has exited the planned Cambo oilfield project off the Scottish coast because of insufficient financial gain, as energy firms face fierce pressure to switch to greener fuels. Shell, which has a 30-percent interest in the North Sea development, said late Thursday that the investment case was simply "not strong enough". The decision comes after major powers last month agre
