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

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Front page now

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

World's best EMD team still waiting for clients to return to Danske AM

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Nordic institutional investors still see potential in beleaguered Swedish battery producer

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New Nordic high yield manager keeps attracting inflows

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Expansion of Nordic team has paid off: Inflows to all core products for US manager

Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Storeband increases stake in Danish infrastructure manager to become majority owner

New Nordic high yield manager keeps attracting inflows

Expansion of Nordic team has paid off: Inflows to all core products for US manager