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Shell Canada Divests Albian Stake for Scotford Expansion

1/30/2025

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Summary

Story summary

Shell Canada Ltd. is making a bold move by divesting its 10% stake in Albian mines, opting instead for a 10% interest in the Scotford upgrader and Quest Carbon Capture and Storage facility near Edmonton. This strategic shift will bolster Shell's ownership in these vital projects to 20%, pending regulatory approvals, with completion anticipated in the first half of the year.

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Story summary

Shell Canada Ltd. is making a bold move by divesting its 10% stake in Albian mines, opting instead for a 10% interest in the Scotford upgrader and Quest Carbon Capture and Storage facility near Edmonton. This strategic shift will bolster Shell's ownership in these vital projects to 20%, pending regulatory approvals, with completion anticipated in the first half of the year.