By Rhodri Morgan Last year’s walk-back of Shell’s net zero targets was not done to “create a lack of transparency” but “focus on the key targets that matter,” Shell’s chief executive has said. In an analyst call following the company’s release of its fourth quarter and full-year results for 2023, Wael Sawan said the decision to u-turn on the commitment to cut oil production each year for the rest of the decade was not to obfuscate its energy transition efforts. “The retirement of targets was not to create a lack of transparency but was an intent as we look to tranform Shell into the company we…