Jeff McIntosh / AP

Royal Dutch Shell CEO Ben Van Beurden told Bloomberg that the company is unlikely to develop expensive new projects in the Alberta oil sands. "There are no plans for growth capital to be invested in oil sands," he said, while noting that the oil giant's existing oil sands operations there provide strong cash flow.

The interview comes after Exxon Mobil and ConocoPhillips announced in recent days that they're shedding over 4.5 billion barrels of oil sands reserves combined amid modest oil prices.

Why it matters: It's an example of how the state of oil markets can help to slow expanded production of certain fossil fuels that environmentalists want left undeveloped.

A related dynamic is in play in the U.S. Arctic offshore. Even if the Trump administration succeeds in unwinding former President Obama's decision to put those oil and natural gas resources off limits, don't look for interest among big oil companies in expensive Arctic offshore drilling anytime soon.

Go deeper

Facebook's plan: Make nice, but don't give in

Illustration: Aïda Amer/Axios

Facebook last week took steadily intensifying heat from fleeing advertisers and boycott leaders and received a big thumbs-down from its own civil-rights auditors. Its response, essentially: We hear you, but we'll carry on.

The big picture: Early on in Facebook's rise, CEO Mark Zuckerberg learned to handle external challenges by offering limited concessions and soothing words, then charging forward without making fundamental changes.

35 mins ago - Health

Health workers fear new shortages of protective equipment

Illustration: Sarah Grillo/Axios

Health care workers faced severe shortages of face masks, gowns and other protective equipment at the beginning of the coronavirus pandemic, and they're afraid it's happening again now.

Why it matters: Hospitals, nursing homes and physician clinics need this equipment to protect themselves and to avoid spreading infection. Supplies are already stretched thin, and will likely get thinner as the coronavirus and flu season converge in the fall.

Planned Parenthood launches digital ad campaign for Biden

Photo: Erik McGregor / Contributor

Planned Parenthood Votes, the political arm of the national reproductive rights group, is ramping up its general election efforts, launching five-figure digital ad campaigns across nine battleground states.

Why it matters: This is the group's biggest election cycle effort yet, part of a larger $45 million investment ahead of November's election, and provides a glimpse of how Democrats are trying to take down President Trump on women's health issues while boosting Joe Biden as the alternative.