Royal Dutch Shell announced Thursday that it is selling off the majority of its tar sands assets, as its chief executive noted dwindling "societal acceptance of the energy system as we have it."Of the $7.25 billion deal with energy company Canadian Natural, Shell said in a statement that it will "sell all of its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60 percent to 10 percent."
Athabasca oil sands digger, Albian Sands, Alberta, Canada. (Dieter Blum /Shell). Investor group says oil sands industry must cut environmental risks. An international group of ethical funds with investments in Alberta’s oil sands is concerned the industry’s environmental performance could be creating financial risk.
The History Of The Athabasca Oil Sands In Alberta, Canada - Canada, it’s the second-largest country in the world, and one of the most beautiful. Its pristine landscape was featured in The Revenant, which filmed in Alberta for a couple months... - TheSurge.com