Shell sets emission ambition of net zero by 2050, with customer help [Reuters]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Reuters
Shell's net-zero emissions target sets sector's broadest carbon reduction plans LONDON (Reuters) - Royal Dutch Shell on Thursday deepened its ambition to battle climate change, setting the oil and gas sector’s broadest plan to reduce greenhouse gas emissions to net zero by 2050. The new climate goals come as Shell and its peers face the sector’s biggest crises in decades after oil prices collapsed and global demand for energy cratered due to coronavirus, leading companies to sharply cut their spending plans. The emission ambitions put the Anglo-Dutch company - at least on paper - ahead of the most progressive of its rivals, including BP and Italy’s Eni. “Society’s expectations have shifted quickly in the debate around climate change,” chief executive Ben van Beurden said in a statement. “Shell now needs to go further with our own ambitions, which is why we aim to be a net-zero emissions energy business by 2050 or sooner.” Shell said it plans to fully offset carbon emissions from its o
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