Cambo: Jobs warning as Shell pulls out of oil field development
Climate change campaigners welcome the move but business leaders voice fears for the future of thousands of jobs.
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Climate change campaigners welcome the move but business leaders voice fears for the future of thousands of jobs.
The oil giant said the economic case for investment in the controversial project was "not strong enough".
Shell's decision to pull out of the Cambo project puts jobs at risk but "doesn't change the facts" around energy supply.
Siccar Point is now in discussions with its contractors, supply chain and wider stakeholders to review options for the development.
The £1.9billion North Sea oil field project 75 miles off the coast of Scotland was thrown into doubt after oil giant Shell, which had a 30 per cent stake in the Cambo site, dramatically quit last night.