Shell’s chief executive, Ben van Beurden, insisted the company was ‘not the opposition’ to renewables. Photograph: Bloomberg via Getty Images
Terry Macalister Energy editor: Thursday 26 May 2016 19.35 BST
Shell will avoid investing too heavily in solar or other technologies until they can make financial profits, its chief executive has said.
Ben van Beurden told a meeting of shareholders in London that the oil company was already established in windfarms, a carbon capture plant, and wanted to gradually increase its operations in clean energy.
But he rejected the idea contained in a shareholder resolution that Shell should switch its investments from hydrocarbons to renewables although he firmly believed the Paris climate change agreement by world governments was to be welcomed.
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