Shell's tar sands CO2 hedge

Shell's Canadian tar sands CO2 capture project will help shield Shell against future potential penalties on tar sands, as planned by California and the European Union. While its commercial success will also depend on demand for the CCS technology which it develops.

Royal Dutch Shell's investment in a carbon capture plant at its tar sands facility in Alberta shows the company recognises the threat of climate policies targeting unconventional oil.

The project will help shield Shell against future penalties on tar sands, as planned by California and the European Union, while its commercial success will also depend on demand for the CCS technology which it develops.

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