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Article
But its commitment is slammed by campaigners as 'empty' and an 'attempt to buy time' due to its failure to commit to divest from coal and oil and gas.
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Article
Among its pledges are a 40 percent reduction in its oil and gas output by the end of the decade.
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While some investors welcomed the latest net zero pledge from a leading oil giant, others believe the announcement was a 'clear attempt to stave off a shareholder rebellion at its AGM.'
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That's according to a BloombergNEF report that calls policy support for the hydrogen economy 'insufficient.'