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Shell is planning to maintain its current level of oil production until 2030
Jeff J Mitchell/Getty Images
Shell is the latest oil and gas company to row back on plans to cut its production of fossil fuels, abandoning a target to cut oil production each year for the rest of the decade.
In an investor update on 14 June, Shell said it would maintain its current levels of oil production through to 2030, rather than cut output by 1 to 2 per cent a year over the period, as promised in 2021. It also …
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