3 Dec 2021

Businesses warn jobs at risk after Shell pulls out of Cambo oil field project

Senior Political Correspondent

Environmental campaigners are cheering but business leaders have warned thousands of jobs could be at risk after Shell announced it was pulling out of the controversial Cambo oil field project off Shetland.

The oil giant said it had become convinced that the economic case for going ahead with the development was too weak. But is the firm also concerned about its own reputation – as the outcry against investing in fossil fuels grows ever louder?