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Evening Standard
Evening Standard
Alex Daniel

Shell warns of £1bn cash hit from emissions certificates payments

Shell’s liquefied natural gas production dropped in the final quarter of last year (Yui Mok/PA) - (PA Wire)

Shell said it expects to take a 1.3 billion US dollar (£1.04 billion) cash hit in the final quarter from payments for emissions certificates.

The energy major said on Wednesday that the charge is “related to timing of payments of emissions certificates” in Germany and the US.

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