Investigation Into Carbon Offsets Forces Shell To Rethink Strategy ...Middle East

OILPRICE - Economy
Investigation Into Carbon Offsets Forces Shell To Rethink Strategy
A year ago, Shell had big plans for its decarbonization. These plans included a sharp cut in oil and gas production and the development of a whole new business segment: carbon offsets. Now, Shell has not only abandoned its plan to reduce oil and gas production—and investment—without any fanfare, it has also quit its carbon offsets plan. It was an ambitious plan. Per Bloomberg, Shell was going to invest $100 million annually in developing carbon sinks that would then yield some 120 million carbon credits, or offsets, annually, beginning…

Hence then, the article about investigation into carbon offsets forces shell to rethink strategy was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Investigation Into Carbon Offsets Forces Shell To Rethink Strategy )

Apple Storegoogle play

Last updated :

Also on site :



Latest News