US EditionGlobal Oil and Gas Emissions Standard Reportedly Paused After Shell, Others Quit
CANADA, JUL 22 – Shell, Aker BP, and Enbridge left SBTi's advisory group over a draft net zero standard requiring an end to new oil and gas field developments by 2027, prompting SBTi to pause the standard's work.
- On July 22, 2025, Shell, Aker BP and Enbridge quit the Science Based Targets initiative's expert advisory group, as reported by the Financial Times.
- A draft net zero standard would ban new oil and gas fields after submitting a climate plan or by end of 2027, as energy firms described the condition as unworkable and inflexible.
- It announced a pause citing capacity constraints, EXCLUSIVE TO THIS BULLET, with the Science Based Targets initiative said it denied industry pressure influenced the decision.
- Aker BP emphasized its climate ambition remained intact, while Shell said standards should reflect realistic societal and economic changes, a company spokesperson said.
- The delay in new oil and gas rules to 2030, according to Financial Times, impacts credibility as SBTi pauses oil and gas standard development citing capacity considerations.
14 Articles
14 Articles
Shell’s exit halts effort to set global oil and gas emissions standard
Shell and other major energy firms have quit a six-year push to create a global net-zero emissions standard, prompting a pause in the project amid disputes over whether companies must stop developing new oil and gas fields.Reuters reports.In short:The Science-Based Targets initiative, a key climate goal assessor, proposed rules requiring oil and gas firms to cease new field development by 2027 or upon filing a climate plan.Shell, Aker BP and Enb…
Energy companies Shell, Aker BP, and Enbridge are ending their partnership with the independent climate advisory group Science Based Targets Initiative (SBTi). The…
Shell and other oil majors exit global climate target group over fossil fuel limits
Shell, Aker BP and Enbridge have withdrawn from a leading climate accountability initiative after refusing to commit to halting the development of new oil and gas fields, the Financial Times reported on Tuesday. The three companies, based in the UK, Norway and Canada respectively, have stepped away from the Science Based Targets initiative (SBTi), an international body that helps firms align their emissions reduction plans with the Paris Agreeme…
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