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Oil Giants Exit Initiative Over New Standards Dispute

7/23/2025

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Summary

Story summary

Shell, Aker BP, and Enbridge have exited the Science-Based Targets initiative, frustrated by new standards that would hinder their ability to explore new oil and gas fields. While the initiative has temporarily halted its oil and gas standards due to capacity challenges, it insists that these departures are unrelated.

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Story summary

Shell, Aker BP, and Enbridge have exited the Science-Based Targets initiative, frustrated by new standards that would hinder their ability to explore new oil and gas fields. While the initiative has temporarily halted its oil and gas standards due to capacity challenges, it insists that these departures are unrelated.