Shell Plans to Cut Thousands of Jobs Amid Shift to Carbon Neutrality: What Investors Need to Know
An additional threat is the increasing role of renewables in the energy mix as wind and solar companies continue to gain market share - and oil companies lose them. Royal Dutch Shell (NYSE: RDS.A) (NYSE: RDS.B) and other European majors like BP, Total and Equinor are stepping up their carbon emissions reduction commitments to help fight climate change. For Shell, this means a restructuring that is expected to cut 7,000 to 9,000 jobs by the end of 2022.
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