Oil giant Shell waters down its near-term emission cuts in strategy update
Publishing timestamp: 2024-03-14 09:45:27
Summary
Shell announces plans to moderate near-term carbon emissions cuts while maintaining pledge to become net-zero company by mid-century. Activist investors pressure fossil fuel companies to align with Paris Agreement. Shell adjusts net carbon intensity targets and plans to reduce customer emissions from product use. Shares of Shell slightly higher on announcement.
Sentiment: MIXED
Keywords: energy, shell plc, business news, oil and gas, climate change, bp plc, business, climate,