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.