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Empire Co. Ltd. earned $261.0 million in its latest quarter, up from $187.5 million in the same quarter last year, boosted by the sale of its 56 gas stations in Western Canada to Shell Canada, the grocer said Thursday.
Shell Canada president Susannah Pierce says transitioning to a lower-carbon economy will require government incentives across the entire value chain, particularly in fossil fuel-intensive industries like cement and steel manufacturing, shipping and aviation.
While Shell has its own net-zero ambitions, Susannah Pierce said the speed of global decarbonization is dependent on the entire economy transitioning, not just the energy sector.
The president of British oil giant Shell's Canadian subsidiary says the pace of the global energy transition isn't up to oil and gas companies.
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