Shell has scrapped plans to develop the Cambo oilfield in the North Sea off the coast of Scotland, which had become the focus of protests by environmental campaigners trying to stop new projects in a bid to slow global warning.
The oil major pulled out saying the economic case was not strong enough and there was the potential for further delays. The Cambo backers had faced legal challenges to the project with campaigners saying it was not in line with the UK government’s commitment to become net zero by 2050.
Shell owned 30 per cent of the project, while operator Siccar Point holds the remaining 70 per cent. Siccar Point signalled it would continue to press ahead with the project.
The field could produce up to 170 million barrels of oil equivalent and 53.5 billion cubic feet of gas over 25 years, according to Siccar Point.
“Cambo remains critical to the UK's energy security and economy," Siccar Point Chief Executive Officer Jonathan Roger said.
“Whilst we are disappointed at Shell’s change of position ... we will continue to engage with the UK Government and wider stakeholders on the future development of Cambo.”
The International Energy Agency said no new oil and gas projects should be developed to restrict global warming to 1.5C. The slogan – keep 1.5 alive – was adopted by the UK government as it hosted the UN’s climate change summit in Glasgow last month.
London declined to join pledges to stop new oil and gas developments on their territory and Boris Johnson, the prime minister, insisted existing contracts could not be torn up in the battle against global warming.
Friends of the Earth, an activist group that won a climate court case against Shell in the Netherlands this year, welcomed the move.
"The future of the project is now in serious doubt - as it should be. There is no need for a new oil field during a climate crisis," the group said on Twitter.
Ed Miliband, the opposition spokesman on climate change, said Shell’s withdrawal marked a significant turning point in the fight against the oil field.
He called for a rapid acceleration of renewable projects and the UK to be positioned as a world leader of green energy.
"Shell have woken up to the fact that Cambo is the wrong choice. It's long past time for the Government to do so,” he said.
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Mohammed bin Zayed Majlis
KILLING OF QASSEM SULEIMANI
Profile of Udrive
Date started: March 2016
Founder: Hasib Khan
Based: Dubai
Employees: 40
Amount raised (to date): $3.25m – $750,000 seed funding in 2017 and a Seed round of $2.5m last year. Raised $1.3m from Eureeca investors in January 2021 as part of a Series A round with a $5m target.
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The specs
Engine: Two permanent-magnet synchronous AC motors
Transmission: two-speed
Power: 671hp
Torque: 849Nm
Range: 456km
Price: from Dh437,900
On sale: now
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
A Cat, A Man, and Two Women
Junichiro Tamizaki
Translated by Paul McCarthy
Daunt Books
Killing of Qassem Suleimani
UAE currency: the story behind the money in your pockets
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Match info
Liverpool 3
Hoedt (10' og), Matip (21'), Salah (45 3')
Southampton 0
UAE currency: the story behind the money in your pockets
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
Company%20Profile
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
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- 600-seat auditorium
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- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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Farage on Muslim Brotherhood
Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.
Killing of Qassem Suleimani
UAE currency: the story behind the money in your pockets
