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

April 22, 2020
Owning the Energy Transition More...
by Holly Havel
Very important

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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Further Reading

Repsol commits to net-zero emissions by 2050 as part of its decarbonization strategy

News Commentary | December 12, 2019

As the first oil and gas company to commit to net‑zero emissions by 2050, Repsol's decarbonization strategy will maintain a focus on reducing emissions in its core upstream and downstream business units while expanding new business with renewable assets. Repsol hasn't explicitly stated that it will ... To read more, click here.

In line with its peers, BP pledges net-zero emissions by 2050

News Commentary | February 12, 2020

Following Repsol and Equinor, BP is the next oil major committing to net‑zero emissions across its operations by 2050. Similar to Repsol, the company's net‑zero pledge also addresses Scope 3 emissions to account for end‑use emissions from its oil and gas products, which is an important milestone for... To read more, click here.

Total joins its peers with ambition to reach net-zero emissions by 2050

News Commentary | June 22, 2020

While already ahead of its peers when it comes to scope 3 emissions, Total has officially joined the decarbonization race after announcing its goal to reach net‑zero emissions by 2050 across its global businesses. The French oil major is also going one step further to address scope 3 emissions with ... To read more, click here.