A comprehensive study into all of Shell’s current and future fossil fuel assets paints the picture of a company that pays little attention to the Paris climate agreement and disregards the verdict of the climate case. Shell continues to focus on producing more oil and gas in the coming years.
In collaboration with researchers from Oil Change International, Milieudefensie has published a report based on Shell's fossil fuel projects - that study shows where the company will be drilling and searching for gas and oil in the coming years. The research provides insight into the scale of Shell's continued investment in fossil fuels. As it turns out; Shell's current plans are at odds with the steps that must be taken to limit of global warming to 1.5 degrees– let alone implement the court's verdict of last year.
The report also shows that since the ruling, Shell has decided to develop ten(!) new major oil and gas projects. In addition, Shell has over 750 permits for assets that are yet to be developed. If Shell were to continue with these projects, it would produce emissions equivalent to 30 years of emissions from the whole of the Netherlands.
The report compiled locations where Shell has permission (and plans) to search for oil and gas in the near future and an analysis of the assets that Shell is already developing.The report's conclusion: If Shell wants to comply with the judge's verdict of a 45% reduction in emissions by 2030, the company would have to cease all projects where they are looking for oil and gas, projects that are already under construction should be stopped right away and even some ongoing projects should be shut down completely.
There is simply no room for new fossil fuel projects if we want to limit global warming to 1.5 degrees. Shell and other fossil fuel companies must halt new exploration and development of oil and gas projects and cease some already operational projects. Shell continues to do the opposite.
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