“The Anglo-Dutch company said in a
statement on Thursday that it expects its oil production to decline by between 1% and 2% each year after peaking in 2019. Its total carbon emissions likely peaked in 2018, it added.
Shell unveiled plans in September to become a
net zero emissions business by 2050 (including from its own products and those that it sells), joining European rivals BP (
BP) and Total (
TOT) in making a shift towards clean energy.”