Subscribe now

Analysis and Environment

Shell can't say it backs net zero while still betting on fossil fuels

Like its rival BP, Shell claims it is committed to reaching net zero by 2050 despite planning to increase its output this decade, but experts say this doesn’t add up

By Madeleine Cuff

14 June 2023

Shell is planning to maintain its current level of oil production until 2030

Jeff J Mitchell/Getty Images

Shell is the latest oil and gas company to row back on plans to cut its production of fossil fuels, abandoning a target to cut oil production each year for the rest of the decade.

In an investor update on 14 June, Shell said it would maintain its level of oil production at 1.4 million barrels per day through to 2030 – slightly lower than its output of 1.5 million barrels per day in the first quarter …

Article amended on 15 June 2023

We corrected the level of oil production Shell plans to maintain until 2030.

To continue reading, subscribe today with our introductory offers

View introductory offers

No commitment, cancel anytime*

Offer ends 14th June 2023.

*Cancel anytime within 14 days of payment to receive a refund on unserved issues.

Inclusive of applicable taxes (VAT)

or

Existing subscribers

Sign in to your account