Shell to expand gas business despite pledge to speed up net zero carbon drive

Energy firm seeks to grow operation by 20% but offset expansion via carbon capture and ‘nature-based solutions’

Shell has set new carbon emissions goals to become a net zero carbon energy company by 2050, but will continue to grow its gas business by more than 20% in the next few years.

The Anglo-Dutch oil company’s new climate strategy will include a modest fall in oil production, by selling oilfields or through the natural decline of their reserves, and an increase in gas production and gas exports to the global market.