Shell sets tougher climate targets, Q3 profit below expectations

LONDON: Royal Dutch Shell set itself tougher emissions cutting targets on Thursday, even as it reported a lower-than-expected third-quarter profit of $4.13 billion.

The oil major said it would cut absolute emissions from its operations and the electricity it uses, known as Scope 1 and 2 emissions, by half by 2030 compared with 2016.