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Shell pulls out of Cambo oil field development

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Oil giant Shell has pulled out of the Cambo oil field development causing mixed reaction by business leaders around the world

Shell has pulled out of the controversial Cambo oil field development west of Shetland – which the oil giant has a 30 percent stake in the project.

The oil giant stated that it had conducted “comprehensive screening” prior to concluding that the economic case for investment in the North Atlantic project was “not strong enough.”

The field could produce up to 170m barrels of oil equivalent and 53.5bn cubic feet of gas over 25 years, according to Reuters.

Reports published from the Independent stated that the decision was welcomed by environmental groups including Greenpeace, which said the decision should mark the “death blow” for Cambo.

Environmentalists say new fossil fuel projects like Cambo are incompatible with action on climate change.

But business leaders have warned that thousands of oil and gas jobs could be at risk

Aberdeen’s Chamber of Commerce said a “premature” end to domestic production could see some areas suffer the fate of mining communities in the 1980s, despite Cambo’s majority stakeholder stating it still planned to take the project forward.

Siccar Point Energy is currently awaiting approval from the UK government to develop the field.

Why Cambo isn’t a good look for Shell:

Shell has been promising to transition away from fossil fuels and commit to renewable technologies such as Sustainable Aviation Fuel, which the company has been working with airlines to produce.

Taking on environmentalist group as well as the Scottish government for the right to drill for oil is not a good look for a company, especially following COP26.

The Cambo oil project is expected to hold hundreds of millions of barrels of oil – each of them worth some $70 at current prices.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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IRS to require facial recognition in order to file and pay taxes

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A major shake-up is coming to the way US citizens file their taxes

Citizens that file their taxes online tax will soon be required to submit a selfie to a third-party identity verification company using facial recognition tech in order to file their taxes or make IRS payments online.

According to Gizmodo, from this summer, online users with an IRS.gov account will no longer be able to log in with a simple username and password.

The new process will instead involve facial recognition. Users will need to provide a government identification document, a selfie, and copies of their bills to Virginian-based identity verification firm ID.me to confirm who they are.

That change, first noticed by Krebs on Security, marks a major shift for the IRS which previously allowed users to file their taxes without submitting personal biometric data.

Gizmodo reports that a statement from an IRS spokesperson said users can still receive basic information from the IRS website without logging in, however the representative added they would need to sign in through ID.me to make and view payments, access tax records, view or create payment plans, manage communications preference, or view tax authorisations.

Users attempting to log in to their accounts using ID.me will have to create an account with the company by uploading either a driver’s license, passport, or passport card.

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The international airlines suspending US flights

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Emirates has announced that it is suspending a majority of flights to the United States due to the planned launch of 5G

Flights are suspended to all destinations in the United States, except major cities including Los Angeles, New York and Washington.

Due to operational concerns associated with the planned deployment of 5G mobile network services in the US at certain airports

EMIRATES SAID in a memo to employees

Air India, All Nippon Airways, and Japan Airlines, have all suspended most routes to the United States as well.

This follows the world’s largest telecommunications company AT&T announcing it will delay the implementation of its 5G service at some airports in the United States.

This is all in response to CEOs of America’s largest airlines warning of a major disruption to travel and shipping if the service is rolled out. 

In an open letter, the executives call for 5G technology to be limited near US airports.

In the statement, the CEOs are requesting a limit on 5G within 2 miles of airport runways as defined by the FAA

It says “Immediate intervention is needed to avoid significant operational disruption to air passengers, shippers, supply chain and delivery of needed medical supplies”.

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Airline CEOs warn of major 5G disruption near airports

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CEO’s of America’s largest airlines are warning of a major disruption to travel and shipping

They’re calling for 5G technology to be limited near U.S airports

In an open letter also signed by shipping giants FedEec and UPS, the CEO’s wrote with urgency to request a limit on 5G within 2 miles of airport runways as defined by the FAA

The say that “Immediate intervention is needed to avoid significant operational disruption to air passengers, shippers, supply chain and delivery of needed medical supplies”

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