Is Shell About To Turn Its Back On The Permian? ...Middle East

Shell may put up for sale all of its acreage in the Permian in the latest step of a low-carbon push that was most recently spurred by a court ruling against the supermajor. A Dutch court ordered Shell to reduce its carbon emissions by 45 percent from 2019 levels by 2030 and start complying with the ruling “immediately,” as the judge held the company liable for the emissions caused by the use of its products and said its climate policy was not specific enough. Shell has 260,000 acres in the Permian and, according to unnamed sources quoted…

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