THE NEW YORK TIMES
Behind Shell’s strategy to get into green energy.
June 21, 2021, 8:07 a.m. ET
Ben van Beurden, the chief executive of Royal Dutch Shell, has been talking about the need to cut emissions since 2017. In the view of some, though, Shell has dragged its feet.
The company’s clean energy investments since 2016 add up to $3.2 billion, Stanley Reed reports for The New York Times, while it has spent about $84 billion on oil and gas exploration and development, according to estimates by Bernstein, a research firm.
“You cannot claim to be in transition when you only invest” such a small percentage of capital in new businesses, said Mark van Baal, founder of Follow This, a Dutch investor activist group.
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