Energy & Science
Shell Sets Bolder Emissions Goal Even as Virus Hits Oil
- Company aims to eliminate bulk of scope 3 emissions by 2050
- Anglo-Dutch giant follows similar moves from BP, Repsol
Color coded pump handles at a gas station, operated by Royal Dutch Shell Plc, in Kemerovo, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Royal Dutch Shell Plc plans to eliminate all net emissions from its own operations and the bulk of greenhouse gases from fuel it sells to customers by 2050.
The energy giant is following in the footsteps of its peers BP Plc and Repsol SA, which have already set similar targets. Shell’s move indicates that, despite the turmoil caused in the industry by the coronavirus, major oil and gas companies aren’t abandoning the transition to cleaner energy.