Shell will reduce the number of refineries it operates
Shell submits net-zero plan to shareholders
Decarbonisation targets are linked to the remuneration of Shell employees
Shell has submitted its plan to achieve net-zero emissions by 2050 to shareholders, who will vote on the plan next month. The plan will see the firm reducing the carbon intensity of its scope one, two and three emissions from 79gCO₂e /MJ in 2016 to under 40gCO₂e /MJ by 2035 and 0gCO₂e /MJ by 2050. It is the first time that an energy company has asked shareholders to vote on its energy transition strategy, according to Shell CEO Ben van Beurden. “As we transform our business, it is more important than ever for shareholders to understand and support our approach,” he says. 120mn t/yr – Number of offsets used by 2030 The plan foresees the elimination of routine flaring by 2030, 25mn t/y
Also in this section
27 May 2025
EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU
27 May 2025
Carbon capture, utilisation and storage needs stable policy, investable frameworks and coordinated infrastructure if it is to be developed at scale
19 May 2025
The two Gulf states are combining fossil fuel production with ambitions to become leaders in low-carbon energy
14 May 2025
Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition
