Why Shell pulled out of the Cambo oilfield

By Gavin Bridge, Professor of Geography and Fellow of the Durham Energy Institute, Durham University
Gisa Weszkalnys, Associate Professor of Anthropology, London School of Economics and Political Science
Tiago Teixeira, Postdoctoral Research Associate in Geography, Durham University

Shell has scrapped plans to invest in Cambo, a proposed oilfield off the Shetland Islands. The fossil fuel supermajor has been shedding UK assets for a while. It sold a large refinery complex in Cheshire in 2011 and US$3.8 billion (£2.64 billion) of North Sea assets in 2017.

But the decision to pull out of Cambo is different.…

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