Shell Oil Company recently released a revised version of climate-related goals entitled “Shell Energy Transition Strategy 2024”. This is Shell’s first strategy revision since 2021. The company made several minor revisions to its net carbon intensity targets which measure total carbon emitted divided by total energy sales. The target for 2030, which had been a 20% reduction, was lowered to 15-20% and the corporate carbon intensity target for 2035 was “retired.” Some commenters noted that Shell appeared to be backing…
