Shell exits oilsands, boosts stake in Scotford upgrader and Quest carbon facility
- Shell Canada Ltd. is exiting the oilsands by swapping its remaining 10 per cent stake in the Albian mines for a 10 per cent interest in the Scotford upgrader and Quest Carbon Capture and Storage facility.
- The deal will increase Shell's stake in the Scotford upgrader and Quest to 20 per cent, and it will completely exit the Athabasca mining operations.
- Canadian Natural Resources Ltd. will own the Athabasca mines outright, increasing its production by approximately 31,000 barrels a day.
- The transaction is subject to regulatory approvals and is expected to close in the first half of 2025.
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Svante Selected for US DOE Funding to Advance Carbon Capture in the Pulp & Paper Industry
SEATTLE & VANCOUVER, British Columbia -- Svante Technologies Inc. (Svante), a leader in next-generation carbon capture and removal technology, today announced that it is developing a first-of-a-kind carbon capture and storage project at the Ashdown Pulp Mill facility in Arkansas.
·Canada
Read Full ArticleThe company is trading its last shares for more interest in two CNRL facilities.
·Montreal, Canada
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Total News Sources44
Leaning Left20Leaning Right3Center2Last UpdatedBias Distribution80% Left
Bias Distribution
- 80% of the sources lean Left
80% Left
L 80%
12%
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