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Shell pulling out of Colorado oil shale research project

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A month after Royal Dutch Shell’s U.S. subsidiary said it would pursue its oil shale research project in Colorado while selling off other oil and gas assets, the company has reversed its decision. “There’s been a shift in our oil shale project,” spokeswoman Carolyn Tucker said Tuesday. “The energy market has evolved since Shell first started its oil shale research project in 1981. We plan to exit our Colorado oil shale research project in order to focus on other opportunities and producing…

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