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Siccar Point Energy confirms that its partner in the Cambo development, Shell, has taken the decision to not progress its investment at this stage.
'A small step in the fight against fossil fuels': Shell withdraws from Cambo North Sea oilfield
Critics claimed First Minister Nicola Sturgeon had contributed to the decision by announcing she would not support Cambo or other new fields.
Royal Dutch Shell has pulled out of a controversial oil project near Scotland’s Shetland Islands, saying the project no longer makes economic sense for the company