Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange and secondary listings on Euronext Amsterdam and the New York Stock Exchange.
Carbon Capture Utilization and Storage (CCUS)
- Role and Importance: Shell views CCUS as a critical technology for achieving net-zero emissions, highlighting its role in capturing and storing CO2 from industrial processes.
- Investments and Developments: Shell has made significant investments in CCUS projects, including the Quest CCS project in Canada, which has captured and stored over 6 million tonnes of CO2 since 2015.
- Technological Collaboration: Collaborates with industry partners and governments to advance CCUS technology and deploy it at scale.
Sustainability and Green Initiatives
- Emission Reduction Goals: Shell aims to become a net-zero emissions energy business by 2050. They have interim targets to reduce the carbon intensity of their energy products by 20% by 2030 and 45% by 2035.
- Greenhouse Gas Regulations and Policies: Shell supports policies that drive carbon pricing and emission reductions, advocating for regulatory frameworks that promote sustainability.
- Energy Transition Strategy: Shell is investing in renewable energy sources, including wind and solar, and expanding its electric vehicle charging network to support the transition to low-carbon energy.
Key Takeaways
- Shell is committed to achieving net-zero emissions by 2050 through investments in CCUS, renewable energy, and sustainable business practices.
- The company is actively working on reducing the carbon intensity of its energy products and supporting global efforts to limit climate change.
- Collaboration with industry, governments, and communities is key to Shell's strategy for a sustainable energy future.
Website:
https://www.shell.com/
10-K Report:
N/A
Sustainability Report:
https://reports.shell.com/sustainability-report/2023/#vanity-aHR0cHM6Ly93d3cuc2hlbGwuY29tL3N1c3RhaW5hYmlsaXR5cmVwb3J0Lmh0bWw
