Shell fleshes out zero-carbon timeline
Revenue from oil and gas will be needed to pay for its transition into a greener company
Shell set out its strategy this morning to transition to a zero-carbon company by 2050. But with increased investment in its upstream, it is not aggressive enough to impress everyone. Shell faced criticism last year after setting a target to become a net-zero company by 2050 that did not include the emissions created from the end-use of its products. The new target will cover both the company’s operations and its customers’ emissions. It has committed to reducing routine flaring by 2030 and keeping methane emissions below 0.2pc. For the near future, spending is still very much focussed on oil and gas CEO Ben van Beurden, on a media conference call, was bullish about the hydrogen mark
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
