4min chapter

Cleaning Up: Leadership in an Age of Climate Change cover image

Managing Uncertainty: The Scenario Shell Game - Ep106: László Varró

Cleaning Up: Leadership in an Age of Climate Change

CHAPTER

Shell Selling Assets Does Not Solve Any Problem

Shell's current oil and gas production is 23% below where it was in 2019. Since the Paris Agreement was signed, Shell sold $80 billion versus the Paris Agreement assets. We very much agree that shell selling assets does not solve any problem. In fact, at shell, we have a corporate level 0.2% metallicish target. And I'm pleased to say that we are on track achieving that. The global average is 1.5%. So in terms of managing the assets, responsibly, there is a very strong track record that we are significantly better at the global average.

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