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StockWatch: Oil Giants Accelerate to Low Carbon

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Shell will reduce its greenhouse gas emissions more quickly than planned following a legal ruling in the Netherlands. As a result, Shell must cut its CO2 emissions by 45% compared with 2019 levels by 2030.

BP sees a strong recovery in global crude demand and expects it to last for some time, according to their CEO.

With Brent crude closing above $70 a barrel last week, will we see another visit to this peak anytime soon?

Timestamps:

  • RDSA 02:50
  • BP 03:55

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