Shell scales back its climate goals amid business growth

In a strategic pivot, Shell aims for a modest reduction in emissions by 2030, facing criticism for prioritizing expansion over environmental commitments.

Jillian Ambrose reports for The Guardian.

In short:

• Shell adjusts its carbon emissions reduction target to 15-20% by 2030, down from an initial 20%.
• The company plans to expand its liquified natural gas operations and maintain current oil production levels.
• Critics denounce the move as a step back for climate action, highlighting Shell's focus on profit over planet health.

Key quote:

This "retrograde step" shows once again that Shell has "no interest in acting for the climate."

— Agathe Masson, campaign group Reclaim Finance

Why this matters:

Shell's decision reflects a broader tension in the energy sector between economic growth and environmental stewardship. With the climate crisis looming, the strategies of major energy firms have significant implications for global efforts to combat climate change, affecting health and sustainability initiatives worldwide.

Faulty economic studies misled Pennsylvania lawmakers on petrochemicals. Who funded the studies? Shell.