As Europe’s major oil and gas firms scaled back investments in renewables, UK-based Shell led the global voluntary carbon market with the most carbon credits retired in 2024, according to carbon ...

Shell had planned to invest $100 million annually in developing carbon sinks that would generate 120 million carbon credits annually from 2030; the company has now abandoned these plans. A media ...

Shell weakened its 2030 carbon reduction target and scrapped a 2035 objective, citing expectations for lower power sales and strong demand for gas in the energy transition, even as it affirmed a plan ...

Shell plc SHEL has withdrawn its ambitious plan to allocate $100 million annually for carbon credits, effectively suspending what was once deemed the world's largest corporate offset program. The ...

Exxon Mobil Corporation XOM, the U.S. supermajor, is poised to surpass European rivals Shell plc SHEL and BP plc BP in low-carbon energy investments, marking a shift in the clean energy race among Big ...

British oil giant Shell won a major court victory on Tuesday when a Dutch appeals court overturned a landmark 2021 case brought by green groups that found the company partially responsible for climate ...

ExxonMobil's December 2024 announcement to pursue up to $30 billion in low-emission projects from 2025 through 2030 is a bold bet on the clean energy transition. Around 65% of this spend is earmarked ...