The company used its latest energy transition strategy to warn it may slow emissions reductions, targeting a 15-20% reduction in carbon emissions intensity by 2030, down from the previous 20%. The adjusted goal allows Shell to balance emission cuts with energy supply.
A balanced energy transition, which Shell supports, is one that maintains secure and affordable energy supplies, while the world builds the clean energy system of the future. Billions of people depend on energy and hundreds of millions still hope to have access to it. Energy is vital for lives everywhere, Sawan said.
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