Shell says its oil production has peaked and will fall every year

The Anglo-Dutch company said in a statement on Thursday that it expects its oil production to decline by between 1% and 2% each year. Its total carbon emissions likely peaked in 2018, it added. “Our accelerated strategy will drive down carbon emissions,” said CEO Ben van Beurden. “Whether our customers are motorists, households or businesses, we will use our global scale and trusted brand to grow in markets where demand for cleaner products and services is strongest, delivering more predictable cash flows and generating higher returns,” he added. Shell unveiled plans in September to become a net zero emissions business by 2050 (including from its own products and

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Big Silicon Valley office building draws veteran real estate buyer

George Avalos / Bay Area News Group An office building that totals 127,000 square feet, located at 5301 Patrick Henry Drive...

Fremont school board mulling up to $30 million in cuts over two years

FREMONT — School officials in Fremont are mulling how to cut the district budget by as much as $30 million over the next two...

CVS to begin offering coronavirus vaccines in the Bay Area

FILE – In this March 17, 2020, file photo, Pharmacist Evelyn Kim, wears a mask and gloves at the CVS pharmacy...