The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSB.L Share News (RDSB)

  • There is currently no data for RDSB

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Shell steps up net-zero emissions actions

Thu, 16th Apr 2020 09:03

(Sharecast News) - Royal Dutch Shell said it was stepping up its activities to become carbon neutral to respond to heightened concerns about oil companies' impact on the climate.

Britain's biggest oil company committed itself to have net-zero emissions from manufacturing of all products by 2050 at the latest - in line with the 2015 Paris agreement on climate change.

Shell said it would cut the net carbon footprint of its energy products by about 65% by 2050, improving on a previous pledge to cut by 50%. The company aims to reduce its footprint by about 30% by 2035, strengthening an earlier goal of a 20% cut by that date.

Ben van Beurden, Shell's chief executive, said: "With the Covid-19 pandemic having a serious impact on people's health and our economies, these are extraordinary times. Yet even at this time of immediate challenge, we must also maintain the focus on the long term."

"Society's expectations have shifted quickly in the debate around climate change. Shell now needs to go further with our own ambitions."

The Anglo-Dutch company also said it would "pivot" towards serving businesses and industries that also have net-zero emissions.

Shell has come under pressure from campaigners and investors under the Climate Action 110+ umbrella to strengthen its commitment to reduce damaging emissions. The company will update investors on its detailed plans on Thursday.

Peter Ferket, chief investment officer of Robeco, who helps lead Climate Action 100+'s dialogue with Shell, said: "These new ambitions build on the 2018 joint statement between Shell and Climate Action 100+. It proves that the strong and committed engagement of institutional investors with Shell can help accelerate the pace of change to deliver the goals of the Paris agreement. It raises the bar and sets out an approach for others in the oil and gas sector to follow."









More News
16 Jun 2020 11:31

Demand for oil to fall at record rate in 2020 - IEA

(Sharecast News) - Global demand for oil is set to fall at the fastest rate in history this year, a closely-watched industry report has predicted, before rebounding in 2021.

Read more
4 Jun 2020 14:03

Thursday broker round-up

(Sharecast News) - IWG: RBC Capital Markets downgrades to sector performer with a target price of 325p.

Read more
3 Jun 2020 10:00

Shell considers $2bn sale of stake in Queensland facilities

(Sharecast News) - Royal Dutch Shell is considering raising more than $2bn from the sale of a stake in the common facilities at its Queensland Curtis LNG plant in Australia, reported Reuters on Wednesday.

Read more
12 May 2020 10:15

BA and Shell provide £1m for Velocys clean fuel plant

(Sharecast News) - Velocys said it had secured a further £1m of funding for its Altalto waste-to-fuels project from British Airways and Royal Dutch Shell.

Read more
12 May 2020 09:06

BP boss says crisis could be 'peak oil' moment

(Sharecast News) - The Covid-19 crisis could mark the passing of "peak oil" demand as businesses spend less on travel and employees work from home, BP's new boss said.

Read more
4 May 2020 18:10

Some Italian patients report improvement after receiving blood plasma

(Sharecast News) - A report surfaced on Monday pointing to clinical benefits from what some observers touted as potentially one of the most promising treatments for the Covid-19 coronavirus.

Read more
29 Apr 2020 16:54

Thursday preview: ECB, Shell in focus

(Sharecast News) - The focus in financial markets on Thursday will shift back towards the euro area where policymakers at the European Central Bank are due to announce their latest policy decisions.

Read more
29 Apr 2020 11:46

WTI oil futures bounce as API reports smaller than expected stockpile build

(Sharecast News) - Crude oil futures were trading higher on Wednesday on either side of the Atlantic following the release of data showing a slightly smaller than expected build in US stockpiles.

Read more
24 Apr 2020 12:13

Share buybacks face resistance in post-Covid world

(Sharecast News) - Share buybacks already had a dubious reputation before the Covid-19 crisis but that didn't stop companies purchasing more and more of their own shares in the market.

Read more
22 Apr 2020 18:03

Weekly US oil inventories jump, imports slip

(Sharecast News) - US crude oil inventories registered another sharp rise during the previous week, although there were some slight signs that market fundamentals were aligning themselves with the reduced amount of storage capacity left.

Read more
22 Apr 2020 15:50

WTI higher as Trump threatens to destroy Iranian gunboats

(Sharecast News) - President Trump threatened on Wednesday to destroy any Iranian gunboats that harassed US ships at sea, triggering a so-called 'short squeeze' in US oil futures according to analysts.

Read more
21 Apr 2020 16:13

Wednesday preview: US oil inventories, Fevertree in focus

(Sharecast News) - Investors' focus on Wednesday will remain firmly on the oil patch where the US Department of Energy will release its weekly inventory statistics.

Read more
21 Apr 2020 13:52

Tuesday broker round-up

(Sharecast News) - Wetherspoons: Jefferies upgrades to buy with a target price of 1,150p.

Read more
21 Apr 2020 13:01

Europe midday: Oil patch weakness offsets news Italy to 'significantly' ease lockdown

(Sharecast News) - Stocks on the Continent had fallen further into the red in early afternoon trading as investors tried to fathom what might lie in store next for oil markets after the previous day's rout in prices.

Read more
21 Apr 2020 11:07

Europe open: Stocks caught in downdraft from oil price collapse

(Sharecast News) - Stocks on the Continent are trading lower, dragged down by the oil patch as markets price-in the reality of several months of exceedingly weak global oil demand.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.