ACCR Critiques Shell's LNG Growth Strategy in Latest Report
NATURAL GAS
The Australasian Centre for Corporate Responsibility (ACCR) critiques Shell's latest LNG report for not adequately addressing weaknesses in its growth strategy. The report, which responds to a shareholder resolution from major pension funds managing $86bn in assets, forecasts a 45-85% increase in global LNG demand by 2050.
However, ACCR highlights that the report does not convincingly demonstrate how LNG can compete with cheaper renewables or clarify its financial resilience beyond 2029. Additionally, uncertainties about the compatibility of LNG with Shell's 2050 net-zero goals were raised, particularly regarding uncontracted sales after 2030.

Mar 17, 2026, 8:14 PM