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Shell s delusional net zero strategy commits $8 billion to fossil fuels

NationofChange Shell’s ‘delusional’ net zero strategy commits $8 billion to fossil fuels “Shell’s comprehensive carbon management approach’ is yet another proof of the little interest that this polluting company has to reduce its emissions.” Shell’s new net zero strategy is “grotesque” and includes an “impossible” reliance on tree-planting, campaigners have claimed. The oil major today revealed an “accelerated” strategy to reduce oil production and decarbonize its products by 2050. Shell’s oil production peaked in 2019, the company confirmed. Under the new plans, oil and gas production would fall 55 percent by 2030, with an “expected gradual reduction” in oil production of one to two

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