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Posted: 2021-02-25T10:45:13Z | Updated: 2021-02-25T10:45:13Z

Royal Dutch Shell vowed last September to reach net-zero carbon pollution in its business by 2050. The goal was vague but notable, and seemed to become more realistic when the corporation announced earlier this month that its crude oil production had peaked in 2019 and would likely never increase again.

Yet while Shell abandons the outright climate obstructionism it once espoused , the oil giant has continued to fund a network of lobbying groups that fight policies to curb planet-heating emissions and rein in new drilling.

That includes a group that lobbied in favor of a controversial federal rule on fossil fuel financing that the Trump administration introduced in its final days, according to documents reviewed by the investigative journalism outfit SourceMaterial and HuffPost.

The rule, finalized during President Donald Trump s last week in office, would require banks to be objective and impartial in choosing which companies they finance. The proposal was widely seen as a bid to undercut policies that major banks have instituted to end lending to companies drilling for oil in the Arctic or mining coal.