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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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post. Here are your headlines for today.
00:08Shell said it expects to take a $1.3 billion cash hit in the final quarter from payments for emissions certificates.
00:19Shell said on Wednesday that the charge is related to timing of payments of emissions certificates in Germany and the US.
00:27The London-listed company also said it expects profits in its gas business to be significantly lower in the fourth quarter than the previous three months after liquefied natural gas production dropped.
00:41There's an update this morning from Shell which said it expects to take a $1.3 billion cash hit in the final quarter from payments for emissions certificates.