Shell Adjusts Climate Targets, Faces Criticism and Legal Challenges

Shell revises its 2030 carbon reduction goals and drops its 2035 target, sparking debate over its commitment to the energy transition.

Shell revises its 2030 carbon reduction target to 15-20% from a previous goal of 20%, and drops its 2035 target amid strategy shift.
The company faces criticism for backtracking on climate commitments, with activists and investors expressing concern over the pace of emission reductions.
Shell's CEO emphasizes the role of LNG in the energy transition, despite the company's increased focus on oil and gas production.
Legal challenges and shareholder resolutions push Shell to align its strategies with the Paris Climate Agreement.
Shell's financial performance remains strong, with a net profit of $28 billion in 2023, as it continues to navigate the energy transition.