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Shell pledges to be net zero by 2050

20 February 2021
 

Energy giant Shell has pledged to become a net zero carbon dioxide energy business by 2050. The company said its oil production peaked in 2019 and was now likely to decline by 1-2 per cent a year. It estimates its total carbon emissions peaked in 2018 at 1.7 gigatonnes per annum. Shell plans to develop hydrogen hubs to serve industry and heavy-duty transport, with the intention of achieving a double-digit share of global clean hydrogen sales. The company is also developing plans for an...

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