low angle photography of Shell gas station at night

Amsterdam, The Netherlands — Shell Thursday published its Energy Transition Strategy for 2024, aiming to halve emissions by 2030 and achieve net-zero emissions by 2050.

The company plans to invest billions in low-carbon energy solutions and reduce customer emissions from oil products.

Shell emphasizes value creation with less emissions and a shift towards renewable energy sources.

CEO Wael Sawan highlights the importance of balancing energy demand with climate change challenges. Shell is focusing on reducing carbon intensity, investing in LNG and renewable power, and reporting progress transparently.

Wael Sawan, Shell’s Chief Executive Officer, said:

“Energy has made an incredible contribution to human development, allowing many people around the world to live more prosperous lives. Today, the world must meet growing demand for energy while tackling the urgent challenge of climate change. I am encouraged by the rapid progress in the energy transition in recent years in many countries and technologies, which reinforces my deep conviction in the direction of our strategy.”

By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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