TL;DR: this article is mainly about Shell rowing back on its offset development targets, not for the oil it produces, but for its operational emissions.
Having worked in the sector, albeit not with Shell, my guess is that the board were advised that offsets increasingly carry massive legal jeopardy, including director’s liability.
Having worked in the sector, albeit not with Shell, my guess is that the board were advised that offsets increasingly carry massive legal jeopardy, including director’s liability.
This is an interesting summary of the problem:
https://www.clientearth.org/media/nq4jnyww/ce-offsets-legal-...