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Oilsands top producer for Royal Dutch Shell

Citizen Staff and news services March 20, 2010 3:07 AM

Royal Dutch Shell PLC, which plans to produce oil from Canada’s oilsands for 40 years, earned 67 per cent more from operations in Alberta than from projects elsewhere between 2005 and 2009. The company earned $20 U.S. a barrel from oilsand mining on average, more than the $12 a barrel it gained from extraction projects excluding oilsands, The Hague-based Shell said in a report posted this week on its website. Oilsands contributed $3.1 billion to Shell’s earnings in the period. Shareholders have demanded a review of the risks of the oilsands projects at annual meetings in April.

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