Shell pulls out of Cambo Oil Development in Scotland

[rjfp1962]

I'm thinking this might be a first.... First signs of an oil company not investing in oil, though don't they just call themselves energy companies now?!

https://www.bbc.co.uk/news/uk-scotland-59512742

[julian987R]

rjfp1962 said:

I'm thinking this might be a first.... First signs of an oil company not investing in oil, though don't they just call themselves energy companies now?!

https://www.bbc.co.uk/news/uk-scotland-59512742

no. Just a company pulling out of a business venture as the sums don't stack up.

[eldar]

julian987R said:

rjfp1962 said:

I'm thinking this might be a first.... First signs of an oil company not investing in oil, though don't they just call themselves energy companies now?!

https://www.bbc.co.uk/news/uk-scotland-59512742

no. Just a company pulling out of a business venture as the sums don't stack up.

Yup. Leave it to smaller anonymous companies less sensitive to climate opprobrium.

[Driver101]

They wouldn't want a backlash against moving their HQ to the UK.

[hidetheelephants]

If the prospect is good the smaller expro companies will lap up their share, it won't sit on the shelf.

[PRTVR]

Big companies will be interested, but perhaps not ones we want.
https://www.thetimes.co.uk/article/china-takes-con...
China has no problem with fossil fuels.