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 ...

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 ...

Shell plc SHEL has withdrawn its ambitious plan to allocate $100 million annually for carbon credits, effectively suspending what was once deemed the world's largest corporate offset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

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 ...

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 ...

A report reveals how Carbonext allegedly failed to adhere to international conventions and ignored Funai, Brazil’s Indigenous affairs agency, in collecting signatures on contracts for generating ...

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 ...

LONDON, March 14 (Reuters) - Shell (SHEL.L), opens new tab weakened a 2030 carbon reduction target and scrapped a "perilous" 2035 objective, citing expectations for strong gas demand and uncertainty ...