Shell likely to miss Canada tar sands

Hopes that Royal Dutch Shell would be allowed to include oil reserves from a huge project in Canada in time for a major strategy announcement later this month have been dashed.

This will disappoint the City and raise concern about the Anglo-Dutch giant’s ability to grow profits from its multibillion-pound expansion into unconventional sources of oil such as Canada’s tar sands fields.

Shell’s oil and gas reserves have been a sensitive issue since the 2004 scandal when Shell booked more assets than it actually had.

Telegraph