The review is part of Shell’s drive to increase transparency and show investors it is in line with the 2015 Paris climate agreement’s goals to limit global warming by reducing carbon emissions to a net zero by the end of the century.
It is also the latest sign of how investor pressure on oil companies is leading to changes in their behavior around climate.
“AFPM has not stated support for the goal of the Paris Agreement. Shell supports the goal of the Paris Agreement,” the Anglo-Dutch company said in its decision. [Source]
I have been a longstanding advocate for oil and gas companies to reinvent themselves as alternative-energy companies. Will Shell do that?