"Global oil and gas emissions standard put on pause after Shell, others walk away, FT says", 22 July 2025

"Shell, Norway's Aker BP and Canada's Enbridge have all quit the expert advisory group of Science-Based Targets initiative since late last year, the FT reported.

The Science-Based Targets initiative (SBTi), a leading assessor of company climate goals, confirmed it has paused development of the oil and gas standard due to "significant, resource-intensive development" it still required.

"This is the sole reason behind our decision... we will return to Oil & Gas Standard development, with the precise timing to be determined as we finalise our forward work programme," a spokesperson for the group said...

The initiative has "paused" work on the oil and gas standard citing "capacity considerations", but denied this was linked to the oil and gas industry departures, saying there was "no basis in reality for these claims," the FT report said.

Shell, in a statement, said it supports science-based methodologies and believes standards should reflect "realistic societal and economic changes" while allowing flexibility to reach net-zero goals."In the absence of an industry-wide standard, Shell has used 1.5°C scenarios developed for the UN Intergovernmental Panel on Climate Change in setting its targets, which we believe demonstrates Paris alignment," a company spokesperson said.

Shell told the FT that its expert had withdrawn after seeing a draft standard that "did not reflect the industry view in any substantive way," while Aker BP told the newspaper it had left the advisory panel after finding its "ability to influence" the standard "limited."

Calgary-based Enbridge, in a statement to Reuters, said it stepped away from SBTi's expert working group as the "feedback provided was not reflected in the draft guidance SBTi had circulated.

"The company, however, added it remained "actively engaged in practical and pragmatic framework conversations."

Aker BP could not be reached"