Updated: February 11, 2021, 3:14 pm
(PA)
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Shell’s latest environmental ambitions put it in a category of mainly European oil giants that have committed to becoming emissions neutral, but the details fall short of its closest rival, according to campaigners.
Shell unveiled details on Thursday, months after fellow FTSE 100 firm BP set out its path towards net zero.
The Shell plan includes too little investment in green energy and only a gradual decline in oil production, Greenpeace said.
“BP’s plan is to extract less oil and gas to hit climate targets and increase investment in renewables capacity; Shell’s is to let production dwindle gradually as the industry declines, and to rely on impossible levels of tree-planting, without green energy production,” said Mel Evans, head of Greenpeace UK’s oil campaign.
Shell’s latest environmental ambitions put it in a category of mainly European oil giants that have committed to becoming emissions neutral, but the details fall short of its closest rival, according to campaigners.
Shell unveiled details on Thursday, months after fellow FTSE 100 firm BP set out its path towards net zero.
The Shell plan includes too little investment in green energy and only a gradual decline in oil production, Greenpeace said.
“BP’s plan is to extract less oil and gas to hit climate targets and increase investment in renewables capacity; Shell’s is to let production dwindle gradually as the industry declines, and to rely on impossible levels of tree-planting, without green energy production,” said Mel Evans, head of Greenpeace UK’s oil campaign.