Dec 3, 2021
Shell pulls out of Cambo oil field development
Oil giant Shell has pulled out of the controversial Cambo oil field development west of Shetland. CEO Jonathan Roger said: "Whilst we are disappointed at Shell's change of position, we remain confident about the qualities of a project."It will not only create over 1,000 direct jobs as well as thousands more in the supply chain, but also help ease the UK's transition to a low carbon future through responsibly produced domestic oil. Climate campaigners said Shell's announcement signalled "The beginning of the end" for new oil and gas projects. Friends of the Earth Scotland's Caroline Rance said: "People power has made the Cambo development so toxic that even oil giant Shell doesn't want to be associated with it."Both the UK and Scottish Governments must now officially reject Cambo, say no to any future oil and gas developments in UK waters and get on with planning a fair and fast transition for people working in this industry. The UK government said that despite moves to renewable energy sources, "there will continue to be ongoing demand for oil and gas over the coming years".
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