Shell plc publishes its Energy Transition Progress Report 2022

Contributing sentiments towards policy:

64% : The European Union's REPowerEU plan and the Inflation Reduction Act in the USA gave strong support to renewable energy.
61% : [A]We continued to work towards becoming a net-zero emissions energy business by 2050 by making significant investments in solar and wind power, biofuels and hydrogen.
60% : One of them, the Rosmari-Marjoram project, situated 220 kilometres off the coast of Malaysia, will mainly be powered by renewable energy.
60% : This includes capital spending on biofuels, hydrogen and charging for electric vehicles, as well as wind and solar power [B].
59% : It reflects changes in sales of oil and gas products, and changes in sales of low- and zero-carbon products and services -- such as biofuels, hydrogen and renewable electricity.
59% : The decrease in Shell's NCI in 2022 was primarily due to an increased proportion of renewable power and corresponding reduction in the carbon intensity of our power sales.
59% : This includes the investments we are making in low-carbon fuels, renewable power, and hydrogen; in addition to making changes to our upstream and refinery portfolios.
55% : Shell engages with governments, regulators and policymakers in different ways to help shape policy, legislation and regulation.
50% : This reduction was achieved through divestments in 2021 and 2022 (such as the Deer Park and Puget Sound refineries in the USA) and the handover of operations in OML 11 in Nigeria in 2022; shutdowns or conversion of existing assets, including the shutdown of some units at the Shell Energy and Chemicals Park Singapore; GHG abatement projects and purchase of renewable electricity.
50% : We supported the proposal to ban the sale of new petrol and diesel cars and vans in the European Union from 2035, which was agreed a few months later.
47% : It produces fewer greenhouse gas emissions than coal when used to generate electricity, and fewer emissions than petrol or diesel when used as a fuel for transport.

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