Shell’s 20-Year Gap in Net-Zero Plan Worries Climate Activists
A Royal Dutch Shell Plc Norco Refinery, in Norco, Louisiana, US.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
Shell Plc says it’s committed to becoming a net-zero company by 2050, but a 20-year gap in the road map to get there has climate-conscious shareholder groups worried.
In a strategy update on Thursday, the company weakened its 2030 target for cutting its net carbon intensity, largely a consequence of selling its business supplying clean power to households in the UK and Germany last year. A potentially more significant change was buried deeper within the document, where Shell dropped altogether its emissions target for 2035.