Shell pulls plug on long-delayed Alberta oil sands mine

Royal Dutch Shell PLC has scrapped plans for a long-delayed oil sands mine, becoming the latest company to pull the plug on a major Alberta expansion as crude prices hover near multiyear lows. The global oil giant said on Monday it is withdrawing an application with federal regulators to build its Pierre River mine north of Fort McMurray, Alta., effectively killing a 200,000 barrel-a-day project that had been dormant for years. The decision underscores challenges faced by even the most well-funded and experienced players in Alberta