Follow This Shell Resolution 2023 | sources


1: Resolutions results | Follow This (follow-this.org)

2: IEA: “These windfalls gains provide a once-in-a-generation opportunity for oil and gas producing economies to fund the much-needed transformation of their economies, and for major oil and gas companies to do more to diversify their spending.” Record clean energy spending is set to help global energy investment grow by 8% in 2022 – News – IEA

3: Shell Management Day 2017: “Reducing net carbon footprint – Shell further positioned itself for the future today by unveiling its ambition to cut the net carbon footprint of its energy products by around half by 2050. As an interim step, by 2035 it will aim for a reduction of 20%.” Management Day 2017: Shell updates company strategy and financial outlook, and outlines net carbon footprint ambition | Shell Global

4 and 5: Our climate target | Shell Global

6: Shell accelerates drive for net-zero emissions with customer-first strategy | Shell Global

7: “Our target includes Scope 3 emissions, which account for over 90% of our total emissions.” in What is a net-zero emissions energy business? Our Climate Target: Frequently Asked Questions | Shell Global

8: IPCC: “The report […] finds that unless there are immediate, rapid and large-scale reductions in greenhouse gas emissions, limiting warming to close to 1.5°C or even 2°C will be beyond reach.” Climate change widespread, rapid, and intensifying – IPCC — IPCC

9: Financial Times: “Maersk warns oil groups are holding back clean energy transition; Shipping company says more affordable green fuel must be offered by suppliers” Maersk warns oil groups are holding back clean energy transition | Financial Times (ft.com)

10: Shell: “Shell’s operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCF target, as these targets are currently outside our planning period.” Our climate target | Shell Global (Legal disclaimer at bottom of the page)

11: CDP Climate Change 2022 Information Request – Shell plc: Target reference number: Int 5 – Net Carbon Intensity (NCI) target 2030 (page 65 of 63-66) | PDF on follow-this.org 

12: Carbon Tracker: “companies […] are sitting on three times more coal, oil and gas reserves than can be burned without breaking the 1.5°C Paris climate target”. Exchanges carrying 3 times more carbon reserves than can be burned under Paris – Carbon Tracker Initiative