May 31, 2017 - 11:52 AM EDT
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Shell Canada statement on oil sands divestment

Canada NewsWire

CALGARY, May 31, 2017 /CNW/ - A statement from Shell Canada President and Country Chair Michael Crothers on the completion of two previously announced agreements that will see Shell sell the majority of its oil sands interests and all of its in-situ interests in Canada:

"Shell has built safe, responsible and competitive oil sands mining and in-situ businesses in Alberta over the past decades thanks to the tireless work and dedication of our staff, contractors and joint venture partners; strong support from local communities, including our indigenous neighbours; and leadership from all levels of government. I am immensely proud of everything we have achieved together and of the legacy we leave to Canadian Natural.

"I was privileged to be on the team that started the oil sands business for Shell Canada dating back to 1997.  Decades ago, there was a small number of players in the oil sands. Fast forward to today and I am deeply impressed with all that our industry, province and country have accomplished. I look forward to continuing to find new ways to foster the responsible growth of our industry in Canada.

"Shell has operated in Canada for 107 years and we plan to continue our presence as one of Canada's largest integrated energy companies with more than 4,000 people."

SOURCE Shell Canada Limited

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ENQUIRIES: Shell Canada Media Relations: [email protected] CNW Group 2017

Source: Canada Newswire (May 31, 2017 - 11:52 AM EDT)

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