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    Home»Science»Shell can’t say it backs net zero while still betting
    Science

    Shell can’t say it backs net zero while still betting

    By AdminJuly 22, 2023
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    Shell can’t say it backs net zero while still betting

    Shell is planning to maintain its current level of oil production until 2030

    Jeff J Mitchell/Getty Images

    Shell is the latest oil and gas company to row back on plans to cut its production of fossil fuels, abandoning a target to cut oil production each year for the rest of the decade.

    In an investor update on 14 June, Shell said it would maintain its level of oil production at 1.4 million barrels per day through to 2030 – slightly lower than its output of 1.5 million barrels per day in the first quarter …

    Article amended on 15 June 2023

    We corrected the level of oil production Shell plans to maintain until 2030.

    Read The Full Article Here

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