Shell Considers Slower Pace of Emissions Cuts in Strategy Update

Shell Plc has been considering slowing the pace of its carbon-emissions cuts as it updates its energy-transition strategy, according to people familiar with the matter.

Any changes to the company’s climate targets could come as soon as Thursday, when Shell is due to publish an update of its long-term plan for clean energy and greenhouse gas emissions, said the people, who asked not to be named because the information is still private. The move comes as Chief Executive Officer Wael Sawan delivers on a plan to allocate a greater portion of investments into oil and gas in order to give ...