Shell announces 2050 net zero emissions target

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has announced that the company is committed to the 2050 net zero emissions target set by the United Nations.

The Chairman, Shell Companies in Nigeria, Mr Osagie Okunbor, who spoke as a panelist at the 20th Nigerian Oil and Gas Conference in Abuja, NOG2021 explained that as a result of the commitment, Shell was aggressively investing in renewables, alternative sources of energy and gas as the transition energy.

“We are committed to the net zero emissions by 2050. We are doing that aggressively in terms of renewables and alternative sources of energy.

“We are a firm believer in gas as the transition energy, which explains our investments in Nigeria LNG.

“We are looking at solar energy, gas and we are deliberate about reducing our carbon footprint,” SPDC boss said.

He lamented that almost half of its produce pushed through the Trans Niger Pipeline, (TNP) are stolen by oil thieves.

According to him, “44 percent of what goes into the TNP disappears and it’s not only a lost to Shell, but to the country.

“This country bleeds. So it will be a good thing if we can get a PIB that will put a sort of responsibility on the host communities.”