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Shell Gets Greener, Even as Climate Advocates Say, ‘Go Faster’

THE NEW YORK TIMES

Shell Gets Greener, Even as Climate Advocates Say, ‘Go Faster’

Royal Dutch Shell, though still reliant on profits from fossil fuels, is investing more in renewable energy. Critics say the changes have to come quicker.

June 18, 2021

Like other oil giants, Shell is under pressure to move away from climate-damaging fossil fuels, and it is recasting itself as more of a renewable energy company, looking for investments as it sidles toward a new future.

Limejump is the type of business that catches the eye of Shell executives these days. With 80 software engineers, traders and forecasters, the company buys electricity from 675 wind farms, solar installations and other mostly renewable generators scattered across Britain, and sells it to businesses that want their energy to be green.

The company, which Shell acquired two years ago, is one of dozens of investments the company has made in the clean energy area. Another is in Sonnen, a German battery supplier that fashions its own power networks to challenge big utilities. Shell is also building up an electric vehicle charging business around the globe and nurturing hydrogen fueling stations in California.

Ben van Beurden, Shell’s chief executive, has been talking about the need to cut emissions since 2017.

FULL ARTICLE

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