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Shell To Become A Renewable Energy Company?

By  20 July 2018

Summary

  • Shell’s Energy Transition Report envisions a low fossil fuel future. It is therefore taking steps to adapt to this vision.
  • It is currently spending about $1-2 billion per year on a segment called “new energies”.
  • While its Energy Transition Report seems unrealistic, raising potential concerns in regards to Shell’s investment strategy, there are valid reasons to diversify, such as low oil & gas discovery levels.

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