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Shell Scraps Its $100 Million-a-Year Carbon Offset Plan

Shell has ended plans to spend $100 million annually on carbon credits, the largest corporate offset scheme, as the company cannot find sufficient quality offsets. Shell had aimed to generate 120 million credits annually by 2030 to offset 10% of emissions. Despite abandoning its specific targets, Shell remains committed to net zero emissions by 2050, and says it will still require offsets to meet this goal.

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