LGPS schemes among those calling on Shell to explain LNG 'disconnect'

Investors call on Shell to explain ‘disconnect’ between LNG growth plans and climate targets

clock • 4 min read
Credit: iStock
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Credit: iStock

Investors have filed a shareholder resolution demanding Shell justifies assumptions underpinning its liquefied natural gas (LNG) growth strategy and explain how the controversial plans are consistent with the oil and gas giant's climate commitments, including the goal of reaching net zero emissions by 2050.

According to reports, Shell plans to grow its LNG business by 20-30% by 2030, with the gas projected to account for nearly a third of the company's upstream hydrocarbon production by the end of the...

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