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Shell weakens 2030 carbon cut target, sets new goal for oil product emissions

March 15, 2024 Comments Off

Shell weakened its main 2030 carbon reduction target March 14 but said it remains focused on net-zero emissions by 2050, despite a slower pace of power sales growth amid an ongoing shift away from traditional oil-based fuels. In the first update to its main energy transition targets since 2021, Shell said it will target a 15%-20% cut in the net…