Content deleted Content added
No edit summary Tags: Mobile edit Mobile web edit |
Added 2 paragraphs at the end of Climate Change part under the Controversies section. See my sandbox page User:NordViki/Shell plc |
||
Line 551:
In March 2024, Shell CEO Wael Sawan announced that the company would moderate its near-term carbon emissions reduction targets, revising its reduction in [[Emission intensity|net carbon intensity]] of third-party use of products down to 15% from 20% and dropping its target of a 45% reduction in carbon emissions by 2035 from a 2016 baseline.<ref>{{cite news|last=Meredith|first=Sam|date=14 March 2024|title=Oil giant Shell waters down its near-term emission cuts in strategy update|publisher=CNBC|url=https://www.cnbc.com/2024/03/14/oil-giant-shell-waters-the-down-pace-of-its-near-term-emission-cuts.html|access-date=14 March 2024}}</ref><ref>{{cite news|last=Laursen|first=Christian Moess|date=14 March 2024|title=Shell to Slow Pace of Carbon-Emission Cuts|work=The Wall Street Journal|publisher=News Corp|url=https://www.wsj.com/articles/shell-to-slow-pace-of-carbon-emission-cuts-4b24acce|access-date=14 March 2024}}</ref>
Shell plc reported 58 million metric tons of emissions from its operations in 2024 with 50 million metric tons coming from Scope 1 sources and 8 million metric tons coming from Scope 2 sources. This high level of emissions is a result of Shell plc's main business activities, which include gas production and oil refining. Actually, industries with a high environmental risk account for 100% of the company's revenue, with consumable fuels making up 89.7% of this total.<ref name=":04">Bloomberg Finance L.P., 2025, Accessed April 08 2025</ref> Even if Shell cut methane emissions by 19.5% and gas flaring by 14.3% in a single year, its green revenue is still only 0.2%.<ref name=":04" /> Additionally, there are extremely high environmental risks associated with the company's value chain, particularly with regard to greenhouse gas emissions and ecosystem change.<ref name=":04" />
Shell's company faces risks and challenges as a result of climate change. The corporation works in high-risk industries that could be impacted by public opinion and laws related to climate change. The fact that 3% of Shell's assets are located in pristine areas, for instance, may cause future disputes and more strict laws.<ref name=":04" /> Shell has declared a transition strategy and a target of achieving net zero emissions by 2050 in order to address these threats. By 2024, Shell had exceeded its goal of reducing emissions by 30% over a 14-year period.<ref name=":04" /> Its emissions, particularly those from Scope 3,<ref name=":04" /> are still greater than some industry standards, nonetheless. These difficulties demonstrate how Shell's future performance and strategy may be significantly impacted by climate change.
==== Litigation ====
| |||