Two year licence extension for Cambo
Ryan Taylor
The controversial Cambo oilfield west of Shetland has been granted a licence extension.
It follows indications that Shell was reconsidering its decision to pull out of the controversial development.
Now, Shell – which holds a 30 per cent share – and majority stakeholder Siccar Point have been granted an extension of two years.
Last week Shetland Green candidate Alex Armitage warned fuel poverty would continue to be a major problem, regardless of whether or not Shell chooses to extract oil from Cambo.
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