Replies to post #400 on Shell Plc (SHEL)

[Timothy Smith]

Royal Dutch Shell (RDS.A, RDS.B) says it is halting construction on the 80K bbl/day Carmon Creek oil sands project in Alberta, and will take a $2B charge to be recorded in its Q3 earnings, which are scheduled for release on Thursday.

Shell says the decision reflects "current uncertainties, including the lack of infrastructure to move Canadian crude oil to global commodity markets."