Shell to slow expansion in Canadian tar sands
Royal Dutch Shell is slowing its expansion into high-cost Canadian tar sands and will in future focus on exploration, rather than expensive, capital-intensive projects, Chief Executive Peter Voser said in Monday's edition of the Financial Times.
In continuing its role as the villain at the UN climate talks in Demark, the Canadian government admitted yesterday that the Alberta tar sands might get a special break under a new climate plan.