Shell announced today the release of “Energy Transition Strategy 2024,” the first update to its “Powering Progress” strategy, launched in 2021, outlining the company’s climate transition roadmap and goals.

Shell will publish its emissions strategy on Thursday. The company will likely slow the pace of its carbon emissions cut. It will instead increase its investments in oil and gas.

Economies across the world are gradually transitioning to cleaner energy sources. There has been a steady increase in pressure on energy companies to act on climate change on multiple fronts. Here are three companies that may benefit from this.

America’s shale companies have promised to keep a lid on drilling, even if oil hits $100 a barrel, citing their need to maintain capital discipline. This is great news for shareholders of all oil companies.

Shell plc has made sustained progress cutting emissions in recent years, though a commitment to maintaining oil production through to 2030 could make reaching its short-term emissions targets a challenge.