Shell
Climate warning
Climate warning
Rashid Kamau
4 w
•
Shell pulls out of large carbon capture project in northern England
Shell (SHEL.L) has decided to pull out of the Northern Endurance Partnership, one of Britain's largest carbon capture and storage (CCS) projects aimed at decarbonising industrial clusters.
Shell said it had decided to pull out of the NEP project after a review of its strategy and portfolio and will focus on the Acorn CCS project in Scotland, for which it is the technical developer.
"We remain committed to helping the (British) government realise its ambition of four industrial CCS clusters by 2030," the company said.
Shell Chief Executive Wael Sawan has carried out a review of several of the group's emerging low-carbon businesses since taking office in January.
Britain's National Grid (NG.L) has already exited the NEP project, a company spokesperson confirmed.
NEP confirmed that Shell and National Grid have relinquished their equity holdings, which have been acquired by existing project partners BP (BP.L) and Equinor (EQNR.OL). France's TotalEnergies (TTEF.PA) is also a partner in the project.
The BP-led (BP.L) NEP aims to develop infrastructure to transport and store about 20 million tonnes per year of CO2 from industrial clusters in Teesside and Humberside to under the seabed in the southern North Sea from 2030.
The NEP project could account for at least half of the 20-30 million tonnes of CO2 Britain aims to capture annually by 2030.
National Grid is is also in discussions with the partners on the sale of the Humber onshore pipeline project to its remaining partners, NEP said.
Do you agree?
16 more agrees trigger social media ads
Welcome, let's solve the climate crisis together
Write or agree to climate reviews to make businesses and world leaders act. It’s easy and it works.
Write a climate review
Voice your opinion on how businesses and organizations impact the climate.
Open for Climate Dialogue™
Certified accounts actively looking for your opinion on their climate impact.
125.5k trees planted
One tree is planted for every climate review written to an organization that is Open for Climate Dialogue™.
Download the app
We plant a tree for every new user.
•
•
4 w
Shell actions shows very clearly that they have no intention of making changes to better our planet..so sad
•
•
4 w
I don't see the essence of pulling out,they should instead engage in as many decarbonizing projects as possible
•
•
4 w
Shell is receiving lots of warning nowadays and it is worrying. They should stop whatever bad actions they have so that they can contribute in addressing the climate in a positive way
•
•
4 w
They should be held accountable because they are highly contributing to the pollution of the earth planet
•
•
4 w
@saustine_lusanzu And tough measures taken against them,
•
•
4 w
The fact that Shell is one of the biggest contributors of polluting the planet ....it is a shame seeing the pull out of a project that would have helped them make a difference
•
We Don't Have Time•
4 w
@edwin_wangombe their character can only be described as a hypocrisy of highest order.
•
•
4 w
@edwin_wangombe It is absurd and a disappointment coming from such a big company
•
•
4 w
@patrick_kiash I agree with you