The Telegraph: Shell shuns UK shale gas industry
In a blow to Government attempts to attract investment to the controversial industry, Simon Henry, Shell’s chief financial officer, said it had already allocated more than $6bn (£3.8bn) to shale globally and was not going to exceed that sum.
“We have a successful and growing business in North America, we have great opportunities in China, Ukraine and Russia,” he said. “The UK has to compete directly with them and right now nobody even knows whether the gas will flow.”
“Do we want to be first in and be in the headlines every day in the UK? Well, your answer is: we are not,” he said. MORE