Plus   Neg

Shell To Accelerate Drive For Net-Zero Emissions

Royal Dutch Shell Plc. (RDS-B,RDSB.L,RDSA.L,RDS-A) said that it will accelerate its transformation into a provider of net-zero emissions energy products and services, powered by growth in its customer-facing businesses.

The company has maintained the progressive dividend policy, increased dividend per share by around 4% per year. It has retained near-term annual cash capital expenditure of $19 billion- $22 billion.

In the near term, the company expects to maintain underlying operating expenses of not more than $35 billion, and pursue divestments averaging $4 billion a year.

Shell set out details of how it will achieve its target to be a net-zero emissions energy business by 2050. It will continue with short-term targets that will drive down carbon emissions as the company make progress towards its 2050 target.

The company will seek to have access to an additional 25 million tonnes a year of carbon, capture and storage capacity by 2035.

Shell aims to build material low-carbon businesses of significant scale by the early 2030s.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walmart has dropped the requirement of masks for customers and members who are fully vaccinated against COVID-19 while they are at the store. This is based on the latest guidance issued by the Centers for Disease Control and Prevention late last week. The retail giant also announced a cash bonus for all fully vaccinated associates. Amazon announced the launch of WorkingWell, a new comprehensive program providing employees with physical and mental activities, wellness exercises, and healthy eating support, across its U.S. Operations. The program has a number of components covering training and conditioning, wellness services, and technology. Each of WorkingWell's components were developed in collaboration with employees. The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS has issued a public health alert for around 165 pounds of imported frozen Siluriformes products. The products were imported from Brazil, which is ineligible to export Siluriformes products to the United States.
Follow RTT