Editing Shell Canada (section)

==History==
Shell Canada's shares were originally independently traded on the [[Toronto Stock Exchange]]. The company was 78% owned by Royal Dutch Shell which in 2006 launched an $8.7-billion takeover of the 22% of Shell Canada that it didn't own. In March 2007 the shareholders of Shell Canada Ltd. accepted a $45.00 per share cash offer from Royal Dutch Shell plc.<ref>[http://www.tsx.com/en/news_events/news_releases/3-19-2007_TSX-IndexNotice-SHC.html TSX News Release –  19 March 2007] {{webarchive|url=https://web.archive.org/web/20070930063934/http://www.tsx.com/en/news_events/news_releases/3-19-2007_TSX-IndexNotice-SHC.html |date=30 September 2007 }}</ref> This acquisition was primarily driven by the desire of the parent company to take total control of its Canadian division's [[unconventional resources]], specifically the [[oil sands]]. The move was unanimously approved by the independent members of the board of directors.<ref>{{Cite news |last=Macalister |first=Terry |date=2007-01-23 |title=Shell bolsters offer for Canadian offshoot |language=en-GB |work=[[The Guardian]] |url=https://www.theguardian.com/business/2007/jan/23/royaldutchshell |access-date=2023-09-30 |issn=0261-3077}}</ref>

In 2003, Royal Dutch Shell had appointed a British executive, and former chairman of Shell in the UK, [[Clive Mather]], as president and CEO of Shell Canada.
[[File:Shell Building, Toronto.jpg|thumb|The Shell Building at 505 University Avenue in Toronto was the company's headquarters from 1958 to 1984. It was designed by [[Ferdinand Marani|Marani]] & [[Robert Schofield Morris|Morris]].]]
As a consequence of the stock acquisition by Royal Dutch Shell, all Shell Canada executives holding stock options benefitted. Shell Canada announced on Mather's retirement from the company shortly after the acquisition was completed that his total pay package for his final year (2006–2007) was $4.9&nbsp;million including bonuses, stock options and pension contributions and that on leaving the company, Mather was additionally eligible for a lump sum payment equal to his annual gross salary. His total benefit in that year was, therefore $9.8&nbsp;million of which some $5&nbsp;million was from exercised stock options,<ref>[http://www.shell.com/static//ca-en/downloads/investor/annual_reports/aif.pdf Shell annual report] {{webarchive|url=https://web.archive.org/web/20070927195657/http://www.shell.com/static//ca-en/downloads/investor/annual_reports/aif.pdf |date=27 September 2007 }}</ref> making him one of the highest remunerated employees in [[Royal Dutch Shell]].

In 2006, Shell Canada acquired the oil sands developer BlackRock Ventures Inc. for $2.4&nbsp;billion. As part of this deal, Shell acquired the Orion oil-sands project near [[Cold Lake, Alberta]]. In May 2012, Shell announced that it has put the project up for sale.<ref>{{Cite news |last=Jones |first=Jeffrey |last2=Haggett |first2=Scott |date=2012-05-28 |title=Shell puts Alberta oil sands project on the block |language=en |work=[[Reuters]] |url=https://www.reuters.com/article/uk-shell-canada-oilsands-idUKBRE84R0KO20120528 |access-date=2023-09-30}}</ref>

In 2007, the company invested $20&nbsp;million into an expansion at the [[Brockville]] Lubricant Plant.<ref>{{Cite web|url=https://www.brockvillechamber.com/member-directory.php?command=viewItem&ID=1447&name=Shell-Canada-Ltd.|title=Shell Canada Ltd. {{!}} Member Directory |website=www.brockvillechamber.com|access-date=2019-05-23}}</ref> In January 2019, it announced plans to invest a further $16&nbsp;million towards new equipment that will increase production and efficiency.<ref>{{Cite web|url=https://ottawacitizen.com/news/local-news/shell-announces-16m-upgrade-to-brockville-oil-plant|title=Shell announces $16M upgrade to Brockville motor oil plant |website=Ottawa Citizen|date=2019-01-05|language=en|access-date=2019-05-23}}</ref>

In November 2015, the [[Carbon capture and storage#Quest Carbon Capture and Storage Project|Shell Canada Quest Energy project]] began commercial operations.<ref>{{Cite web|url=https://www.nrcan.gc.ca/energy/funding/cef/18168|title=Shell Canada Energy Quest Project|date=2016-02-23|website=www.nrcan.gc.ca|access-date=2019-04-25}}</ref> Part of the Athabasca Oil Sands Project, it involves [[Royal Dutch Shell|Shell]] as the major shareholder (60%), [[Chevron Corporation|Chevron Canada Limited]] (20%), and Marathon Canadian Oil Sands Holding Limited (20%).<ref>{{Cite web|url=http://publications.gc.ca/site/archivee-archived.html?url=http://publications.gc.ca/collections/collection_2018/rncan-nrcan/m159/M159-11-2013-eng.pdf|title=Information archivée dans le Web|website=publications.gc.ca|access-date=2019-04-25}}</ref> It is identified as being the first commercial-scale [[Carbon capture and storage|CCS]] project, proposing to reduce CO<sub>2</sub> emissions in Canada by 1&nbsp;million tonnes per year.<ref>{{Cite web|url=https://www.alberta.ca/carbon-capture-and-storage.aspx|title=Carbon capture and storage|website=www.alberta.ca|language=en-CA|access-date=2019-04-25}}</ref>

In April 2017, the company completed an expansion project at the [[Scotford Upgrader|Scotford refinery]], growing hydrocracker production by 20%.<ref>{{Cite web|url=https://www.ogj.com/articles/2017/12/shell-wraps-debottlenecking-work-at-scotford-refinery.html|title=Shell wraps debottlenecking work at Scotford refinery|website=www.ogj.com|access-date=2019-05-23}}</ref>