For The First Time Ever, Shell Signs $10B Emissions Linked Financing

Royal Dutch Shell has signed a US$10-billion revolving credit facility, and the interest and fees paid on it will be linked to the company’s targets to reduce its carbon footprint, in a first for Shell, the oil and gas supermajor said on Friday. The new financing replaces the current US$8.84 billion revolving credit facility and is provided by a syndicate of 25 banks.   “This is an innovative deal which also demonstrates Shell’s broad-based commitment to reducing the Net Carbon Footprint of the energy products we sell. We…