LONDON - Anglo-Dutch oil giant Royal Dutch Shell pledged on Thursday to become carbon neutral by 2050, matching a commitment by rival BP as climate change looms large over the energy sector.
The company said it planned to have net zero emissions from the manufacture of all its products by 2050"at the latest". It will also try and pivot towards serving businesses and sectors that also aim for net-zero emissions by 2050.World oil prices nosedived on Wednesday to near two-decade lows, with WTI crude tumbling under US$20 a barrel, as dire warnings about a virus-triggered demand shock overshadowed a deal to cut output.
"With the Covid-19 pandemic having a serious impact on people's health and our economies, these are extraordinary times," van Beurden said ahead of an annual investment briefing later on Thursday.
Source: Energy Industry News (energyindustrynews.net)
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