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  / /  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.


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