Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for energy industry professionals · Friday, June 18, 2021 · 544,206,946 Articles · 3+ Million Readers

Shell CEO: We’ll minimize emissions quicker however the world wants to make use of much less oil

In a statement on Wednesday, the oil company’s CEO Ben van Beurden said he was determined “to rise to the challenge.” But he kept open the option of appealing the landmark ruling that he said “singled out” Shell and was “not the answer” to tackling the climate crisis.

Efforts to make the world’s energy system greener must address the demand for fossil fuel products and not just the supply, he added.

The Dutch court ordered Shell to slash its CO2 emissions by 45% by 2030 from 2019 levels. It marked the first time a judge has ordered a company to comply with the Paris Agreement, which aims to limit global temperature increases to 1.5 degrees Celsius.

Shell had been targeting a 20% reduction in the carbon intensity of its business and products by 2030, and 45% by 2035. Carbon intensity refers to the greenhouse gas emissions associated with each unit of energy the company sells.

The Anglo-Dutch company also announced plans in September to become a net zero emissions company by 2050, a…

The post Shell CEO: We’ll minimize emissions quicker however the world wants to make use of much less oil appeared first on CaymanMama.com | News.

Powered by EIN Presswire
Distribution channels: World & Regional


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release