NTD Business (March 19): Shell Makes Bet on Gas; No Sign of Property Market Rebound in China

Don Ma
By Don Ma
March 19, 2024NTD Business

Shell weakened a 2030 carbon reduction target and scrapped a “perilous” 2035 objective, citing expectations for strong gas demand and uncertainty in the energy transition even as it affirmed a plan to cut emissions to net zero by 2050.

Shell’s retreat follows a similar move by rival BP last year, as many governments around the world slowed down the roll-out of climate policies and delayed targets amid soaring energy costs and supply concerns.

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