Join Webinar


Shell Invests $300 Million to Tackle CO2 Emissions

Shell announced that it will invest $300 million in a three-year programme as part of its strategy to act on global climate change, including addressing carbon dioxide (CO2) emissions generated by customers when using its products.

This programme will contribute to Shell’s three-year target, beginning in 2019, to reduce its Net Carbon Footprint by 2 per cent – 3 per cent.
“There is no single solution to tackling climate change. A transformation of the global energy system is needed, from electricity generation to industry and transport,” said Ben van Beurden, chief executive officer of Royal Dutch Shell.
Shell intends to presently focus on natural ecosystems in order to support a smooth transition towards a low-carbon future. In addition to this, Shell has also been working towards reducing the carbon intensity of oil and gas operations to investments in renewable sources of energy.

Mark Tercek, CEO of The Nature Conservancy, referred to last year’s IPCC report as a “wake-up call on climate” and stated that reducing emissions should start with fossil fuels. Shell’s announcement showcased the company pursuing a decarbonisation strategy backed by a broad set of solutions, including the notion of investing in nature.

By opting to invest in nature, Shell believes it will help in curbing global deforestation, restoring vital ecosystems, and helping communities develop sustainably. Shell is also the first in the industry to set near-term targets for the emissions of both its operations and its products. Although it is progress in the right path, Tercek illustrates on how much work remains in order to achieve Paris climate targets.

For customers who drive internal combustion engine vehicles, Shell is making it simpler for them to reduce carbon footprint by introducing low-carbon biofuels and carbon neutral driving.

Additionally, from April 17, customers who fill up at a Shell service station in the Netherlands will be able to drive carbon neutral using nature-based carbon credits. This will be done at no extra cost for customers who choose Shell V-Power petrol or diesel, while those who fill up with regular Shell petrol or diesel can participate for an additional 1 cent a litre.

Later this year, similar choices will be made available to customers in other countries, starting with the UK. This complements Shell’s existing programme to help business customers avoid or reduce emissions, including supplying lower emission fuels and electric vehicle charging. Corporates are provided with the opportunity to drive carbon neutral by compensating the CO2 emitted from driving their fleet.

Later this year, Shell plans to invest at scale in forests, wetlands and other natural ecosystems around the world, in a bid to reduce emissions and capture more CO2, all the while benefitting biodiversity and local communities.

The plan is already in full swing: Shell has established an 800-hectare endangered native forest regeneration project in Queensland, Australia. In Malaysia, Shell and the Sarawak state government are jointly studying the potential for a nature conservation, restoration and enhancement venture for Sarawak’s natural landscape.

  • Shell
  • Carbon Footprint
  • Climate Change
  • Deforestation
  • Conversation
JSRS Banner
JSRS Banner