Shell blasted for climate wrecking U turn on plans to cut oil production
Shell has been accused of making a “climate-wrecking” and “utterly destructive” U-turn on plans to cut oil production by 1-2% per year until the end of this decade. The oil major said it planned to keep the amount of oil that it extracts from wells around the world at the same level as today and announced bumper new payouts for shareholders. The announcement on Wednesday has sparked an outcry from climate experts, activists and politicians, who are urging Shell toRead More