Shell to Build Canada Water Project to Make Up for Lost Capital
This article is for subscribers only.
Royal Dutch Shell Plc, which announced plans to give up exploring for natural gas in northwest British Columbia’s Klappen area, has agreed to build a water recycling project to help make up for lost capital.
Shell Canada will construct the project though the issuance of C$20 million ($20.3 million) in royalty credits support from the province in recognition of “upfront capital spent by the company” in an area of cultural and spiritual value with “vital salmon-bearing waterways such as the Stikine, Nass and Skeena rivers,” the province said in a statement.