Sustainable Leaders | Europe, January 3rd, 2022

The oil giant Shell has withdrawn from the Cambo oil field. The Cambo site, west of Shetland, in the Northern Atlantic, in waters 1,000 metres deep, was first given government approval in 2001. It could deliver 170 million barrels of oil over 25 years, equivalent to the annual emissions of 18 coal-fired power plants. What does this news mean for the main stakeholder Siccar Point Energy and the dozens of other projects in the pipeline?