Shell to leave leading U.S. refining lobby over climate disagreement GlobeBusiness
Toru Hanai/Reuters
The review is part of Shell’s drive to increase transparency and show investors it is in line with the 2015 Paris climate agreement’s goals to limit global warming by reducing carbon emissions to a net zero by the end of the century.It is also the latest sign of how investor pressure on oil companies is leading to changes in their behaviour around climate.
Shell also found “some” misalignment with nine other trade associations, including the American Petroleum Institute. It will continue to engage with those groups over climate policies and monitor their alignment, Shell said.
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