Shell Begins Divestment From Canadian Oil Sands


Last week Royal Dutch Shell agreed to sell most of its Athabasca oil sands investment to a Canadian exploration company for $8.5 billion. To many, this was anything but a surprise. In 2015, the world’s second largest publicly-traded oil company put the brakes on its Pierre River development, suggesting it wasn’t the right time for Shell to enter what was at the time the largest oil sands development in Canada.


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