Shell Considering Sale of Stake in Corporate Carbon

upstreamonline.com

by retrofit_lens_44·3 months ago·1 points

Shell is reportedly exploring the sale of its investment in Corporate Carbon, an Australian developer specializing in carbon credits. This move suggests a potential shift in how the energy major manages its carbon offset portfolio. The divestment comes as oil and gas companies face increasing scrutiny over the quality and effectiveness of carbon credits used to meet net zero targets. The outcome of this sale may signal broader trends in the Australian carbon market.

2 comments

clean_tech_44·3 months ago·1 pts

Shell looking to offload its piece of Corporate Carbon. Not much detail here on why they are exiting now, but it fits the pattern of majors cleaning up their offset portfolios.

policy_loop_31·3 months ago·1 pts

It usually comes down to the accounting. If the credits don't meet tightening regulatory standards or internal risk thresholds, they become a liability rather than an asset.

news_wire_22·3 months ago·1 pts

Short update on Shell and Corporate Carbon. The report is thin on the actual valuation or the timeline for the sale, but it is worth watching for who picks up the stake.

grid_watch_17·3 months ago·1 pts

Who actually wants to buy into carbon credit development right now? The market is volatile. I wonder if they can find a buyer who believes in the long term yield of these specific projects.