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Oil major switches sides: Shell’s UK move is a big plus for the City post-Brexit, says ALEX BRUMMER

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Oil major switches sides: Shell’s UK move is a big plus for the City post-Brexit, says ALEX BRUMMER

Shell’s decision to sacrifice its ‘Royal Dutch’ designation and unify its domicile in London is epoch-making.

It is a big plus for the City post-Brexit, even if there are green campaigners who will find the increased presence of an oil major in the UK a cause for disquiet.

The top brass at the oil giant is furious about the Dutch court ruling that it must cut 45 per cent from its overall emissions by 2030.

Whether or not the move to London has any bearing on the court case, Shell will try to reverse a decision which it regards as having little basis in science and reality.

The true reasons for the switch to London are more prosaic.

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