Read on Twitter
Shell's 'new' climate strategy raises a lot of red flags:
* A lot of old stuff repackaged as new
* Continued reliance on weak intensity targets & a failure to recognise that absolute reductions are needed
* Excessive reliance on CCS & natural solutions https://www.shell.com/media/news-and-media-releases.html
* A lot of old stuff repackaged as new
* Continued reliance on weak intensity targets & a failure to recognise that absolute reductions are needed
* Excessive reliance on CCS & natural solutions https://www.shell.com/media/news-and-media-releases.html
As @rouselouise points out the IPCC P1 pathway sees 46% reduction in oil from 2020 levels needed by 2030
In contrast Shell plans to set a reduction in their *carbon intensity* of 20% by 2030
i.e. not an absolute reduction in output and/or emissions
In contrast Shell plans to set a reduction in their *carbon intensity* of 20% by 2030
i.e. not an absolute reduction in output and/or emissions
Analysts at Jefferies seem to agree that not much has changed & that details are missing 
https://twitter.com/emilygosden/status/1359793116849590275
https://twitter.com/emilygosden/status/1359793116849590275
Shell will offer a 3yr advisory vote on its climate strategy
We should expect more big polluters to do so
They're a great defence mechanism agst more ambitious climate resolutions/requests
Cos can say their hands are tied, as they've just received a 3yr mandate from investors
We should expect more big polluters to do so
They're a great defence mechanism agst more ambitious climate resolutions/requests
Cos can say their hands are tied, as they've just received a 3yr mandate from investors
