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Shell, Total Are Anomaly, Allowing Investors to Track Carbon

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Shell Faces Shareholder Outcry Over Incident That Killed 200
Photographer: Andrey Rudakov/Bloomberg
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Royal Dutch Shell Plc and Total SA are the only companies among the 10 biggest oil and gas producers in the world which disclose how their carbon emissions will decline over time, according to the first analysis of its kind by managers overseeing more than $9 trillion of funds.

The Anglo-Dutch and French majors are the only companies among Big Oil to have set long-term plans to significantly reduce their carbon intensity -- or the level of emissions per unit of energy produced. They are also the only two companies to disclose emissions from their sold products, the biggest portion of their impact on the climate.