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Shell’s plan for net-zero transition keeps focus on fuel

From ihsmarkit.com

Shell, as one of the largest integrated oil and natural gas companies, published its net-zero plan on 11 February, under which it promised to pursue biofuel, hydrogen, and carbon capture growth, potentially expanding its lower carbon fuel operations. The plan bears one key difference from the transition plan of its big rival BP, published six months earlier, in that it spares Shell's production of fossil fuels by not setting targets for upstream production cuts. For example, it does not pledge cuts in the production of natural gas, mooted as a lower carbon fuel for ships and a potential source of blue hydrogen. As ... (full story)

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  • Category: Fundamental Analysis