Canada has set a target for net zero by 2050
Shell Canada makes its licence-to-operate case
The subsidiary is in lockstep with its parent in the IOC-to-IEC pivot
Shell Canada, much like its London-based owner—which again topped consultancy BNEF’s second annual Oil & Gas Transition Scores ratings in April—is viewed as one of the world’s most proactive producers in preparing for the global energy transition. The wholly owned subsidiary has been in the vanguard of its parent’s oil-to-gas switch in priorities, having sold its oil sands assets to independent Canadian Natural Resources Ltd in 2017 and its Duvernay shale oil assets to Calgary-based Crescent Point Energy last year. On the gas side, Shell Canada has been ramping up shale production at Groundbirch in the Montney play in northeast British Columbia (BC)—ultimately to provide feedstock for it
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