Royal Dutch Shell Aims to Reach Net-Zero Emissions Within 30 Years
April 16 2020 - 03:03AM
Dow Jones News
By Matteo Castia
Royal Dutch Shell PLC said Thursday that it aims to become a
net-zero-emissions energy business by 2050 at the latest.
The company said it plans to fully cut emissions from product
manufacturing and to reduce the carbon footprint of sold products
by 30% by 2035 and 65% by 2050.
It will pivot toward serving businesses and sectors that also
aim to reach net-zero emissions by 2050, the company said.
"Operating plans and budgets do not reflect these newly
announced ambitions," Shell said. It said it aims to reflect the
shift in its operating plans and budgets in the future.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
April 16, 2020 02:48 ET (06:48 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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