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Photo: Soeren Stache/picture alliance via Getty Images

Royal Dutch Shell unveiled wide-ranging new climate goals Thursday that would see the oil-and-gas giant become a "net-zero emissions energy business" by 2050.

Why it matters: It's the latest and among the biggest moves by European-based majors on global warming — one that would require a major transformation of their businesses to succeed.

Driving the news: Shell said it aims to have net-zero emissions from the extraction and manufacture of its products, and the energy for those operations, by 2050.

  • But Shell acknowledges that so-called scope 3 emissions — that is, emissions from use of their products in the economy — are a vastly larger source of Co2, representing about 85% of the emissions linked to the company.

How it works: The plan calls for cutting a large amount of scope 3 emissions in several ways.

  1. Changing their product mix over time to become more climate friendly via ore emphasis on renewables, hydrogen and biofuels. Shell aims to reduce the "net carbon footprint" of products they sell by 30% by 2035 and 65% by 2050.
  2. Expanding use of carbon capture and natural ways to mop up CO2 like reforestation.
  3. Overall, Shell said this will involve working with customers on their emissions-cutting efforts, and developing a method to track those reductions.

The big picture: Shell must "must pivot over time towards serving the businesses and sectors that, by 2050, are net-zero emissions themselves," the announcement states.

What we don't know: "The company did not disclose the financial impact of meeting its new climate targets and said the new goals were not yet reflected in its operating plan and budgets," per FT.

What they're saying: Bloomberg reports on criticism of the plan...

"Shell has taken a step in the right direction, but it falls short of aligning with the Paris climate agreement’s goals, Dutch investor group Follow This said. Shell’s target of reducing scope 3 carbon intensity by 65% by 2050 equates to an absolute cut in emissions of 50%, the group said."

Go deeper: Oil giants announce steep cutbacks

Go deeper

DOJ pressed to enforce Al Jazeera foreign agent ruling

Illustration: Aïda Amer/Axios

The Justice Department is being pressed to enforce its own demand that the U.S. arm of Qatari broadcaster Al Jazeera register as a foreign agent.

Why it matters: The launch of Al Jazeera's new right-of-center U.S. media venture, Rightly, has refocused attention on the media company's alleged links to Doha, and DOJ's efforts to crack down on media outlets viewed as foreign interest mouthpieces.

Poll: Immigration is America's most-polarizing issue

Data: The American Aspirations Index/Populace; Chart: Will Chase/Axios

Immigration was found to be the most polarizing issue in America based on new polling from Populace.

Why it matters: Americans have surprisingly similar priorities for the U.S., but immigration stands out as one of the few issues with clear partisan differences. It underscores the challenge for advocates and lawmakers hoping to pass immigration reform in the coming weeks amid narrow margins in Congress.

3 hours ago - Politics & Policy

Lawmakers hide behind AG's investigation as Cuomo lingers

A billboard outside Albany, N.Y. Photo: Matthew Cavanaugh/Getty Images

New York Gov. Andrew Cuomo is politically wounded but not yet dead, several state lawmakers tell Axios.

The state of play: Most are holding their fire and punting to state Attorney General Letitia James' investigation into sexual harassment allegations. They expect the inquiry to be credible and thorough — and buy Cuomo badly needed breathing room.