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
28 March 2024
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity