User:Barry1819/Shell plc
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Climate change
[edit]In the past, Shell has been a part of lobbying and trade groups that are against climate policy and promote climate skepticism.[1]
During the years of 2010-2018, only 1% of Shell's long term investments were dedicated to sources of low-carbon energy such as wind and solar. In the years of 2015-2017, just 0.4% of its revenue was put towards low-carbon technology.[2]
In 2017, a public information film ("Climate of Concern") unseen for years resurfaced and showed Shell had clear grasp of global warming 26 years earlier but has not acted accordingly since, said critics.[3][4][5]
The burning of the fossil fuels produced by Shell are responsible for 1.67% of global industrial greenhouse gas emissions from 1988 to 2015.[6]
Shell was reported to fail to meet its own target in 2020 to spend $6 billion on renewable energy. It is also estimated that Shell is not on track to meet its own investment target for 2025, and that the company needs to direct over half of its capital expenditures (nearly $10 billion per year) to zero carbon investments in order to meet its long-term net-zero targets.[7]
In April 2020, Shell announced plans to achieve net zero greenhouse gas emissions by 2050 or sooner.[8] They also pledged to reduce carbon intensity of all energy products by 20% by 2030, and 45% by 2035 (compared to 2016 levels.)[9] However, internal documents from the company released by the Democratic-led House committee reveal a private 2020 communication saying Shell does not have any plans to bring emissions to zero for next 10–20 years.[10]
Measured by both its own emissions, and the emissions of all the fossil fuels it sells, Shell was the ninth-largest corporate producer of greenhouse gas emissions in the period 1988–2015.[11]
References
[edit]- ^ News, Scott Waldman, E&E. "Shell Grappled with Climate Change 20 Years Ago, Documents Show". Scientific American. Retrieved 2024-03-05.
{{cite web}}:|last=has generic name (help)CS1 maint: multiple names: authors list (link) - ^ "The Greenwashing Files - Shell | ClientEarth". www.clientearth.org. Retrieved 2024-03-04.
- ^ Carrington, Damian; Mommers, Jelmer (28 February 2017). "'Shell knew': oil giant's 1991 film warned of climate change danger". The Guardian. Archived from the original on 24 April 2017. Retrieved 25 April 2017.
- ^ Mommers, Jelmer; Carrington, Damian (28 February 2017). "If Shell knew climate change was dire 25 years ago, why still business as usual today?". The Correspondent. Archived from the original on 26 April 2017. Retrieved 25 April 2017.
- ^ Mommers, Jelmer (28 February 2017). "Shell made a film about climate change in 1991 (then neglected to heed its own warning)". The Correspondent. Archived from the original on 26 April 2017. Retrieved 25 April 2017.
- ^ "Top 100 producers and their cumulative greenhouse gas emissions from 1988-2015". The Guardian. Archived from the original on 18 January 2021. Retrieved 29 October 2020.
- ^ "The Greenwashing Files - Shell | ClientEarth". www.clientearth.org. Retrieved 2024-03-04.
- ^ Ambrose, Jillian (16 April 2020). "Shell unveils plans to become net-zero carbon company by 2050". The Guardian. Archived from the original on 2 November 2020. Retrieved 5 November 2020.
- ^ Li, Mei; Trencher, Gregory; Asuka, Jusen (February 2022). "The clean energy claims of BP, Chevron, ExxonMobil and Shell: A mismatch between discourse, actions and investments". PLOS ONE. 17 (2): e0263596. Bibcode:2022PLoSO..1763596L. doi:10.1371/journal.pone.0263596. PMC 8849545. PMID 35171938. ProQuest 2629381397.
- ^ Milman, Oliver (17 September 2022). "Criticism intensifies after big oil admits 'gaslighting' public over green aims". The Guardian. Archived from the original on 17 September 2022. Retrieved 17 September 2022.
- ^ Riley, Tess (10 July 2017). "Just 100 companies responsible for 71% of global emissions, study says". The Guardian. ISSN 0261-3077. Archived from the original on 18 January 2021. Retrieved 17 June 2020.
- ^ Li, Mei; Trencher, Gregory; Asuka, Jusen (2022-02). "The clean energy claims of BP, Chevron, ExxonMobil and Shell: A mismatch between discourse, actions and investments": e0263596. doi:10.1371/journal.pone.0263596.
{{cite journal}}: Check date values in:|date=(help); Cite journal requires|journal=(help)CS1 maint: unflagged free DOI (link) - ^ "The Greenwashing Files - Shell | ClientEarth". www.clientearth.org. Retrieved 2024-03-05.
- ^ News, Scott Waldman, E&E. "Shell Grappled with Climate Change 20 Years Ago, Documents Show". Scientific American. Retrieved 2024-03-05.
{{cite web}}:|last=has generic name (help)CS1 maint: multiple names: authors list (link)