Shell had planned to invest $100 million annually in developing carbon sinks that would generate 120 million carbon credits annually from 2030; the company has now abandoned these plans. A media ...

Shell plc SHEL has withdrawn its ambitious plan to allocate $100 million annually for carbon credits, effectively suspending what was once deemed the world's largest corporate offset program. The ...

As Europe’s major oil and gas firms scaled back investments in renewables, UK-based Shell led the global voluntary carbon market with the most carbon credits retired in 2024, according to carbon ...

Shell weakened its 2030 carbon reduction target and scrapped a 2035 objective, citing expectations for lower power sales and strong demand for gas in the energy transition, even as it affirmed a plan ...

Analysis shows the oil giant sharply increased its use of carbon credits to offset its emissions as the voluntary market faced criticism. As the world’s voluntary carbon market has faced doubts about ...

British oil giant Shell won a major court victory on Tuesday when a Dutch appeals court overturned a landmark 2021 case brought by green groups that found the company partially responsible for climate ...

LONDON, March 14 (Reuters) - Shell SHEL.L weakened its 2030 carbon reduction target and scrapped a 2035 objective, citing expectations for lower power sales and strong demand for gas in the energy ...

LONDON, Oct 25 (Reuters) - Shell (SHEL.L), opens new tab will cut at least 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan's ...

Anglo-Dutch supermajor Shell is exploring the possibility of a carbon capture and storage (CCS) hub and biofuels plant at its petrochemical complex in Singapore. Shell revealed on Tuesday it was ...

Oil companies love to tell the world about the super cool technologies that have that will allow us to keep burning fossil fuels without cooking the climate. But those technologies are largely ...

Mantel Capture, Inc. has raised $30 million in Series A funding co-led by Shell Ventures and Eni Next. Shell plc and Eni SPA are investing in a new carbon capture firm with technology that uses molten ...

UK supermajor Shell has called a temporarily halt to to its under-construction flagship biofuels project in the Netherlands. Shell on Tuesday said its subsidiary Shell Nederland Raffinaderij is ...