Royal Dutch Shell Plc  .com Rotating Header Image

Shell pulls back from Canadian tar sands projects

London Evening Standard

Growth: Shell will rely on more conventional oil and gas reserves

The chief executive of Royal Dutch Shell today announced the firm would scale back growth in Canadian tar sands amid a growing backlash from shareholders and environmentalists.

Peter Voser said Shell plans to rely more on conventional oil and gas reserves for future growth.

“We have enough other growth opportunities,” he told the Financial Times.

Protestors have opposed oil sands projects over their impact on the environment, while shareholders are worried about the cost of climate change legislation.

Shell is raising its tar sands production at the Athabasca Oil Sands Project in Alberta to 255,000 barrels a day – far less than the 700,000 planned.

SOURCE ARTICLE and its also non-profit sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “Shell pulls back from Canadian tar sands projects”

Leave a Comment

%d bloggers like this: