Shell adds to the growing list of oil majors pledging net-zero emissions by 2050

April 22, 2020
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As one of the last European oil majors to join the net-zero decarbonization race, Shell has announced its ambition to become a net-zero emissions company by 2050 or sooner. In line with announcements from its peers, Shell also plans to incorporate Scope 1, 2, and 3 level emissions to address all life-cycle emissions of its products from production to final use. The company's long-term strategy will also rely on close collaboration with its customers to help them decarbonize and reduce their internal emissions, which is mutually beneficial for Shell to address its Scope 3 emissions. While a collaborative approach may help drive decarbonization efforts, it will be interesting to see who ultimately takes responsibility for end-use emissions.

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