LONDON (Reuters) – Shell’s emissions were largely unchanged in 2024 at around 1.2 billion metric tons of CO2 equivalent, according to its annual report published on Tuesday and Reuters calculations.
The oil and gas giant reported Scope 1 emissions, which are from its own operations, of 50 million tons. Scope 2 emissions, from the electricity it uses, were 8 million tons.
Scope 3 emissions from combustion of the fuel it sells were 1.1 billion tons. In comparison, Britain’s emissions come to just under 400 million tons CO2 equivalent a year.
All three metrics were largely stable compared with the previous year, with the Scope 3 number slightly down.
Net carbon intensity (NCI), the main measure Shell uses for its energy transition strategy, stood at 71 grams of CO2 equivalent per megajoule, compared with 72 grams of CO2 equivalent per megajoule in 2023, Shell said.
Measuring emissions performance by intensity means a company can technically increase its fossil fuel output and overall emissions while using offsets or adding renewable energy or biofuels to its product mix.
(Reporting by Shadia Nasralla, Editing by Louise Heavens)
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