Shell scales back 2030 carbon emissions target ...Middle East

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Shell scales back 2030 carbon emissions target
source : Devdiscourse ( Middle East ) () 105
Shell weakened its 2030 carbon reduction target and scrapped a 2035 objective, citing expectations for lower power sales and strong demand for gas in the energy transition even as it affirmed a plan to cut emissions to net zero by 2050. The changes to the targets are a central pillar in CEO Wael Sawan's strategy revamp to focus on higher-margin projects, steady oil output and growth in production of natural gas in order to boost returns.

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