Royal Dutch Shell Plc  .com Rotating Header Image

Shell faces anger over takeover of Australian green energy retailer

REUTERS

Shell faces anger over takeover of Australian green energy retailer

MELBOURNE (Reuters) – Royal Dutch Shell is facing protests over its takeover of green energy retailer Powershop Australia, with customers threatening to switch to other renewable energy providers to avoid becoming customers of a fossil fuel company.

Shell said on Monday it was expanding into Australia’s household power market by teaming up with Infrastructure Capital Group to buy Meridian Energy’s Australian electricity business, which has more than 185,000 customers, for A$729 million ($526 million). The deal is expected to close in early 2022.

Activist group Environment Victoria said on Wednesday it had terminated a six-year partnership with Powershop Australia as it was no longer tenable if Shell was going to own the business.

“You can’t slap a bit of green paint on a multi-billion dollar pollution machine and expect us to ignore it,”…

FULL ARTICLE

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Comments are closed.

%d bloggers like this: