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Spotlight shines on Shell's unwitting Safeguard Mechanism loophole

Early beneficiaries to see rapid fall in credits as scheme transitions to industry average baseline.

Katie Hobbins
Shell Prelude

Shell Prelude LNG Facility | Credits: Shell

A loophole in the federal government's Safeguard Mechanism credits (SMC) policy has allowed Shell's Prelude operations to generate more than $90 million in carbon credits in the past two years while also...

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