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Shell unveils plans to become net-zero carbon company by 2050

Royal Dutch Shell plans to become a net zero-carbon company by 2050 or sooner by selling more green energy to help reduce the carbon intensity of its business.

Ben van Beurden, Shell’s chief executive, said the company must focus on the long-term “even at this time of immediate challenge” caused by the Covid-19 pandemic.

Van Beurden told investors on Thursday that Shell would toughen its existing target to shrink the carbon intensity of its products by 50% within 30 years, to reach 65% by 2050.

Richard George, head of Greenpeace UK’s climate campaign, said: “A credible net-zero plan from Shell would start with a commitment to stop drilling for new oil and gas.

“Instead, investors are being fobbed off with vague aspirations that don’t tackle Shell’s monstrous carbon footprint and pass the buck to Shell’s customers to offset their emissions,” he said.

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