Article 6BFNN Shell looks to sell off its stake in controversial Cambo oilfield

Shell looks to sell off its stake in controversial Cambo oilfield

by
Jillian Ambrose Energy correspondent
from Environment | The Guardian on (#6BFNN)

Energy firm's 30% stake in field off Shetlands up for sale amid fierce opposition to new North Sea drilling

Shell is hoping to find a buyer for its stake in a controversial oilfield off the Shetland islands that became a key focus for the UK's anti-fossil fuel campaigners.

The oil company still holds a 30% stake in the Cambo oilfield more than a year after it cast the project's future in doubt by pulling the plug on its investment, blaming a weak economic case and the risk of delay.

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