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Royal Dutch Shell PLC sells the majority of its Canadian oil-sands developments in deals worth $7.25 billion, signaling a strategic shift away from high-cost, carbon-intensive sources of oil. The move is part of Shell's plan to divest $30 billion in assets by the next year, aimed at reducing debt and streamlining operations following the acquisition of BG Group PLC. This shift reflects the evolving dynamics and challenges within the energy industry.
Wednesday, 8 March, 2017