Greenhouse gas (GHG) emissions are one of the major causes of rising global warming and the Oil & Gas industry accounts directly & indirectly for one-third of the global emissions. CO2, Methane & NOx gases form a major part of greenhouse gases which are released by burning Oil, Fossil Fuels, etc. Due to rising GHG emissions from companies, it became important among major contributing sectors to report gas emissions during their operations.
Shell plc (Shell), formerly Royal Dutch Shell Plc, is an integrated oil and gas company. The company explores for and produces oil and gas from conventional fields and sources such as tight rock, shale and coal formations. It operates refining and petrochemical complexes across the world. Shell’s product offerings include lubricants, bitumen and liquefied petroleum gas; and petrochemical products such as raw materials for plastics, coatings and detergents. The company is a major producer of biofuel in Brazil. It also has interests in various liquefied natural gas (LNG) and gas to liquids (GTL) projects.
Total GHG Emissions reported by Shell plc in 2021 were 2,377 million tonnes CO2eq which was a decrease of 2.14% from 2020. Shell plc GHG Emissions are seeing a decrease every year since 2019. Although GHG saving is also increasing with efforts by Shell plc to save energy. Shell plc aims to achieve the target of net zero on emissions generated from their operations by 2050 or sooner. The company is also working in towards technology such as lower-carbon electricity, low-carbon fuels.
GHG Emissions are generally classified into Scope 1,2 & 3 emissions. Scope 1 emissions are direct GHG emissions that occur from sources that are owned or controlled by the company, for example, emissions from combustion in owned or controlled boilers, furnaces, vehicles, etc. Scope 2 accounts for GHG emissions from the generation of purchased electricity consumed by a company. Scope 3 emissions include all sources not within an organization’s scope 1 and 2 boundary. Scope 3 emissions form the major portion of total GHG emissions for Shell Plc. Scope 3 emissions accounted for 97.14% of total GHG emissions in 2021.
Shell Plc is putting efforts to reduce emissions as it announced in October 2021 that it targets to reduce 50% of absolute emissions by 2030. This new target covers all Scope 1 and 2 emissions under Shell’s operational control.
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