Preview: Shell 2023 Capital Markets Day
The research explores Shell’s targets from its current climate plan (2021) and long-term guidance for fuels and capital expenditure.
Key findings
Shell’s 2021 climate transition plan detailed ambitious targets however there was a clear disconnect between low carbon strategies and business strategies, resulting in a lack of real world reductions in emissions.
There’s opportunity for Shell to reduce its reliance on offsets, set clearer renewable generation targets, and set clear guidance for transition capital expenditure.
