By Anthony Murdoch
The company’s report mentions that its 2035 ‘net carbon intensity’ target has been ‘retired’ due to ‘uncertainty in the pace of change in the energy transition.’
Shell, a major oil and gas supplier in Canada whose federal government has openly called for the end of fossil fuels, announced that it will not meet its planned 2035 emissions targets.
Wael Sawan, the Anglo-Dutch company’s Canadian CEO, noted in Shell’s latest “energy transition strategy” update that “We believe the world will continue to need oil and gas for many years.”
The company had set a target to reduce its so-called ‘net carbon intensity’ to 20% by 2030 but revised the goal to 15%.
Shell said that “cutting oil and gas production,” the objective of the Canadian government, “is not healthy” for the global energy system.
Shell’s report mentions that its 2035 target has been “retired” due to “uncertainty in the pace of change in the energy transition.”
The company still says it has a net-zero target by 2050, but this is not set in stone because “if society is not net-zero in 2050,” then there would be a “significant risk that Shell may not meet this target.”
Shell plans to increase its LNG production by 30%. “Investment in oil and gas will be needed because demand for oil and gas is expected to drop at a slower rate than the natural decline rate of the world’s oil and gas fields, which is 4-5% a year,” the company said.
Other major oil and gas producers such as ExxonMobil, BP, and Canadian company Suncor have all scaled back their own emissions reduction plans.
Faced with the realities of a consumer-driven market and without government interference such as rebates or mandates, studies show that people prefer gas-powered cars over electric vehicles, which are being touted by governments as the saviors to solving what they claim is a “climate change” crisis.
Despite this, Canadian Environment Minister Steven Guilbeault in December 2023 announced the “Electric Vehicle Availability Standard.” The plan is to mandate that all new cars and trucks by 2035 be electric, which would in effect ban the sale of new gasoline- or diesel-only powered vehicles after that year.
Trudeau’s government is trying to force net-zero regulations on all Canadian provinces, notably on electricity generation, as early as 2035. Alberta is adamantly opposed.
Natural gas and coal are abundant in Canada, notably in Alberta, a province in which Shell has a major presence. In the new year, an extreme cold snap sent temperatures plummeting to nearly minus-50 degrees Celsius (minus-58 degrees Fahrenheit) in much of western Canada. It was so cold that the province of Alberta’s power grid almost collapsed due to a failure of wind and solar power.
Alberta Premier Danielle Smith has been a fierce opponent of Trudeau’s green energy agenda. Earlier this month, she said her province will continue to rely on carbon-based fuel sources for power generation for decades to come after introducing sweeping new regulations restricting the development of so-called “renewable” energy generation from wind turbines and solar farms, saying these types of technologies are not the “silver bullet” the federal government claims they are for power generation.
The Trudeau government has gone as far as to say they will not fund new road projects, all in the name of “climate change,” as was reported by LifeSiteNews last month. Both Smith and Premier Doug Ford of Ontario tore into Guilbeault after he said the federal government would no longer fund any road construction projects and instead funnel the savings to “climate change” projects that promote people walk instead of drive.
Smith has been battling the minister for the last few months over his extreme climate change policies that seek to destroy Alberta’s oil and gas sector.
The reduction and eventual elimination of the use of so-called “fossil fuels” and a transition to unreliable “green” energy has been pushed by the World Economic Forum (WEF) – the globalist group behind the socialist “Great Reset” agenda – an organization in which Trudeau and some of his cabinet are involved.
Canada has the third largest oil and gas reserves in the world, with most of it in Alberta. However, since taking office in 2015, Trudeau has continued to push his radical environmental agenda similar to the agendas being pushed the WEF’s “Great Reset” and the United Nations’ “Sustainable Development Goals.”
