Shell to write down as much as $22 billion in wake of coronavirus

LONDON (Reuters) - Royal Dutch Shell on Tuesday said it will write $22 billion off the value of its assets after sharply lowering its oil and gas price outlook in the wake of the coronavirus pandemic.The decision also comes as the Anglo-Dutch company reviews its operations after CEO Ben van Beurden laid out plans in April to reduce greenhouse gas emissions to net zero by 2050.Shell, which has a market value of $126.5 billion, said in an update ahead of its second-quarter results on July 30 that..