"Urgent action is needed on climate change which is why we have accelerated our efforts to become a net-zero emissions energy company by 2050, in step with society, with short-term targets to track our progress."   ​

“We are investing billions of dollars in low-carbon energy, including electric vehicle charging, hydrogen, renewables and biofuels. We want to grow demand for these products and scale up our new energy businesses even more quickly.

“We will continue to focus on these efforts and fully expect to appeal today’s disappointing court decision.”

We continue to take significant steps to accelerate the transition of our business to net-zero emissions, which includes working with our suppliers, customers and other partners in reducing their emissions. To find the solutions the world needs, we continue to engage in dialogue with NGOs, industry partners, governments, academia, shareholders and wider society. In The Netherlands for example this contributed to a national climate accord.

Important milestones on our journey so far to become a net-zero energy company include:

• In 2021 we became the first energy company to offer investors an advisory vote on our energy transition strategy.
• In 2020 we announced a target to become a net-zero emissions energy business by 2050, in step with society’s progress as it works towards the Paris Agreement goal. This target is comprehensive, because it includes our own emissions, as well as emissions from our customers’ use of all the energy products we supply. Not just what we get out of the ground, but everything we sell...