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.
Shell (LSE:RDSA)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Shell Charts.
Shell (LSE:RDSA)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Shell Charts.