Royal Dutch Shell set itself tougher emissions-cutting targets on Thursday, even as it reported a lower-than-expected third-quarter profit of $4.13 billion.
The oil major said that it would cut absolute emissions from its operations and the electricity it uses, known as Scope 1 and 2 emissions, by half by 2030 compared with 2016.
The company has pledged to become a net-zero emissions company by 2050 but has come under pressure to make faster progress, with a Dutch court ordering it in May to cut all of its emissions – including from the combustion of its products by customers, or Scope 3 – by 45% by 2030.
