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Fossil fuel groups risk wasting $1.6tn on projects

 — Energy Editor

Royal Dutch Shell set a new target last November to reduce the net carbon footprint of its energy products by about half by 2050. The Anglo-Dutch group has committed to spend up to $2bn a year on renewables and other cleaner sources of energy and other European oil and gas groups are making similar moves. Andrew Brown, Shell’s director of exploration and production, told a conference in London last month… FULL FT ARTICLE

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