Shell reportedly considers a slower carbon-emissions cut pace in its energy-transition strategy.
Shell is reportedly considering a slower pace for its carbon-emissions cuts as it updates its energy-transition strategy, according to sources. The changes to the company's climate targets could be announced as soon as Thursday, coinciding with the publication of Shell's updated long-term plan for clean energy and greenhouse gas emissions. This move aligns with CEO Wael Sawan's plan to allocate a larger portion of investments into oil and gas, which could lead to increased CO2 emissions.
March 12, 2024
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