Europe's biggest oil company quietly shelves a radical plan to shrink its carbon footprint

Shell Plc has walked back its once-ambitious plans to develop millions of carbon offsets projects around the world.

Shell CEO Wael Sawan. | Photo: Callaghan Ohare/Reuters/Ritzau Scanpix

By Alastair Marsh, Will Mathis and James Herron / Bloomberg

Six months after becoming the chief executive at Shell Plc, Wael Sawan quietly ended the world’s biggest corporate plan to develop carbon offsets, the environmental projects designed to counteract the warming effects of CO² emissions.

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