Published 2 years ago

Analysis | Dropping Cambo Oil Field Won’t Help U.K. Carbon Cuts

Summary by Ground News

Shell announced Friday that it was pulling out of a project to develop the Cambo oil field. It is estimated by majority owners Siccar Point Energy Ltd. that the fields holds 800 million barrels of oil. Shell’s decision doesn’t necessarily mark the end of plans to develop Cambo.

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Bloomberg

Analysis | Dropping Cambo Oil Field Won’t Help U.K. Carbon Cuts

Climate activists claim victory but Shell’s decision won’t result in lowering demand for fossil fuels.

2 years ago·United States

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Bloomberg Quint

Dropping Cambo Oil Field Won’t Help U.K. Carbon Cuts

(Bloomberg Opinion) -- Climate activists claiming victory after Royal Dutch Shell Plc’s decision to drop development of the Cambo oil field may want to think again. It won’t significantly cut U.K. carbon emissions. Until serious steps are taken to reduce demand for fossil fuels, attempts to stop their production will simply cause shortages and move supply to other parts of the world.Continue Reading. Read more on Gadfly by BloombergQuint.

2 years ago·Mumbai, India

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