EMEA > Shell vows to hold oil output steady, low-carbon spend to remain a fraction

Shell vows to hold oil output steady, low-carbon spend to remain a fraction

Published 17:09 on June 14, 2023  /  Last updated at 17:13 on June 14, 2023  / Paddy Gourlay /  EMEA, EU ETS, International, Voluntary

Shell promised to deliver more value with less emissions on Wednesday, pledging to spend $10-15 billion of capital investment on low carbon technology between 2023-25, after angering climate activists by abandoning plans to cut oil production each year for the rest of the decade.
Shell promised to deliver more value with less emissions on Wednesday, pledging to spend $10-15 billion of capital investment on low carbon technology between 2023-25, after angering climate activists by abandoning plans to cut oil production each year for the rest of the decade.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.