Big oil companies like Shell and BP may be in full retreat from renewable energy. Thats not stopping them from touting green credentials wherever they can.
Renewable Energy
Grease Monkeys: Exxons Slick Contribution to Renewable Energy
BP axes 620 jobs from solar business
The London-based company said last year it was going to concentrate its alternative energy business on wind and solar in the US, while rival Shell has also been cutting back.
Greenwash: Shell betrays ‘new energy future’ promises
The energy company has sold out on its renewable investments, claiming they are ‘not economic’
-
- guardian.co.uk, Thursday 26 March 2009 10.29 GMT
Shell, I have to report, is the new Exxon. The company that back in December was filling this and other newspapers with double-page adverts promoting its conversion to a “new energy future” of wind farms, hydrogen fuels, fuel made from marine algae and much else, has pulled the plug.
State intervention vital if Britain is to meet its green energy targets, says former BP boss
Britain must revert to greater state control of energy markets to hit ambitious targets on renewable energy and climate change, according to the former head of BP.
Fears for green energy after investment is slashed
Shell and BP have shelved or pulled out of renewable energy projects, including a £3 billion project for 341 turbines in the Thames Estuary, and questions have been raised over the future of npowers £2.2 billion Gwint y Mor farm off the Welsh coast.
BP, Shell Renewable Invest Cuts Make Business Sense
LONDON (Dow Jones)--BP PLC (BP) and Royal Dutch Shell PLC (RDSB.LN) have angered environmental groups by quietly cutting back their investment in renewable energy, but experts said the move reflects a business reality that is hard to contest.
Shell goes to paradise in search of cheap biofuel
Environmentalists fear that Shells efforts to go green could end up like Captain Cook on the shores of Kona left to die in the surf.
Anger as Shell reduces renewables investment
John Sauven, the executive director of Greenpeace UK, said that Shell had rejoined the ranks of the dirtiest, most regressive corporations in the world ... After years of proclaiming their commitment to clean power, they're now pulling out of the technologies we need to see scaled up if we're to slash emissions.
Shell goes cold on wind, solar, hydrogen energy
LONDON (Reuters) - Oil Major Royal Dutch Shell Plc doesn't plan to make any more large investments in wind and solar energy in the future and does not expect hydrogen to play an important role in energy supply for some time.
Green energy market to grow to £50bn
A market worth more than £50bn will be created for new wind, wave and tidal power equipment in British waters by 2020, the head of the new government-backed energy research and development group has said.
Jeroen van der Veer admits Shell TV advertising greenwash was dishonest
The interview I conducted with its chief executive, Jeroen van der Veer, broadcast on the Guardians website today, contains what appears to be an interesting admission. I asked him whether Shell had now stopped producing ads extolling its investments in renewable energy. Mr van der Veer does not express himself clearly at this point, but he seems to admit that his companys previous advertising was not honest.
Dominion, Shell Complete NedPower Mount Storm Wind Project
Dominion and Shell WindEnergy Inc. (Shell) announced today the completion of the NedPower Mount Storm LLC wind energy project in which they each own a 50 percent interest. Sited along the high ridges of West Virginia, the project is now fully operational, generating up to 264 megawatts of electricity from a renewable energy source for the mid-Atlantic power grid.
Will the hoped-for green jobs materialise?
Although BP and Shell have pulled out of the UK offshore market, others such as Masdar, the Abu Dhabi government's investment vehicle for sustainable energy, moved to fill the gap. Masdar acquired a 20 per cent stake in in the £2bn London Array offshore wind project after Shell walked away.
Oil price fall checks enthusiasm for alternatives
The activity was driven by the high price of conventional energy, as oil repeatedly hit fresh price highs; concerns over energy security; and the need to tackle climate change. But such exuberance could not last. Renewable energy projects often have high capital costs, and the credit crunch has shut down many sources of financing. The plunging price of oil has also changed the economics of clean energy.
ScottishPower plans wind farms with Swedes
The Government is smarting from the withdrawal of a number of key players from the industry in Britain, including Shell and BP.