Royal Dutch Shell is continuing its recent climate forward push, while the company has announced plans to invest in natural climate solutions and reforestation programs, along with a group of new renewable energy chargers in the Netherlands.
Shell said it will invest $ 300 million in natural ecosystems as part of the evolving gas and oil giant strategy for climate change and addressing CO2 emissions. This year, Shell has set a three-year target to reduce the net CO2 footprint by 2-3%.
This announcement follows Shell's recent decision to leave the American refinery lobby American Fuel & Petrochemical manufacturers (AFPm) on "material deviation" with the views of the lobby on carbon pricing and fuel consumption standards, among other factors.
Shell is planning to offset CO2 emissions from its activities with carbon credits, which it purchases from "a global portfolio of nature-based projects." The company notes that "every carbon credit is subject to an external verification process and the avoidance or removal of 1 tonne of CO2. "
Shell has announced a number of forest projects, including the planting of more than 5 million trees in the Netherlands in the coming 12 years, in collaboration with Staatsbosbeheer, the independent Dutch forestry service. The company will also undertake a 300-hectare reforestation project in Spain with Land Life Company and an endangered 800-hectare native regeneration project in Queensland, Australia.
It may be pure coincidence, but Shell's timing is quickly following the recently announced Natural Climate Solutions campaign, a push to bring more money and awareness to the restoration of natural ecosystems as a way to remove carbon from the air and to combat climate change. Reduce.
Shell is also investing in 200 new fast charging stations for electric vehicles, powered by renewable energy, on its forecourt in the Netherlands. This is in addition to the company's ongoing efforts with IONITY to install 500 "ultra-fast" chargers on its forums throughout Europe and Shell & # 39; s recent acquisition of Greenlots, a fast-charging installation for EV & # 39; Shell CEO Ben van Beurden said in a statement:
"There is no single solution to tackle climate change. A transformation of the global energy system is needed, from electricity generation to industry and transport."
When it comes to tackling climate change, Shell is doing at least enough recently to ensure that "an activist shareholder who put pressure on resolutions for three years to do more about climate change for Royal Dutch Shell Plc said it was requesting 2019 will withdraw, "Bloomberg reports.
That investor group, Follow This, will continue similar decisions filed with other companies such as BP, Chevron and Exxon Mobil. But follow This founder, Mark van Baal, said in a statement that because of Shell's progress, Shell will give Shell time to align that climate ambition with the Paris Climate Agreement.
Electrek & # 39; s Take
Again, as we have emphasized earlier, there are certainly greenwashing concerns when it comes to Shell, because it is one of the companies whose recent report indicates that money is lobbying the climate that & # 39; is overwhelming in conflict is & # 39; with the Paris Agreement. . "
That said, these initiatives are worth it (though a drop in the pot when it comes to Shell's overall operations). But we will probably see more of them if the energy transition continues, and if the pressure increases – from both investors and the public – when it comes to climate issues.
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