Royal Dutch Shell caved in to growing investor pressure over climate change on Monday with plans to set short-term targets for reducing its carbon footprint.
BP and Total have already set short-term targets, but Ben van Beurden, chief executive officer, Shell had previously resisted setting hard goals, saying it would be 'foolhardy' to expose Shell to legal challenges.
But following discussions with investors, the Anglo-Dutch oil and gas giant said that from 2020 it will set three- to five-year targets every year which will include specific net carbon footprint targets.
