Shell to double its clean power investments

Shell Truck - Clean Power

Oil company to make more aggressive investments in renewable energy Oil giant Royal Dutch Shell has announced plans to increase its renewable energy investments. The company has been growing more focused on clean power in recent years and intends to divest from oil and fossil-fuels in the relatively near future. Shell has vowed to significantly reduce its carbon footprint by 2050, replacing much of its old energy capacity with clean power solutions. In order to accomplish this, Shell will be significantly increasing its investments in clean power. Investments will show…

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Shell seeks to provide more support for electric vehicles

Shell Sign - Shell makes bigger committment to electric vehicles support

Shell will be working to build new fast-charging stations Royal Dutch Shell believes that electric vehicles will soon take less than 15 minutes to fully charge. Shell has partnered with several major automakers to make this a reality. Through these partnerships, the companies hope to deploy new fast-chargers throughout Europe in the coming years. This may help Shell establish a strong presence in the rapidly growing clean transportation market, where the demand for new infrastructure solutions is on the rise. Companies are coming together to secure the success of electric…

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Shell to increase renewable energy investments to $1 billion a year

Renewable Energy - Shell Gas Pump

Shell is beginning to move away from oil as public faith in fossil-fuels vanishes Royal Dutch Shell has plans to increase its renewable energy spending to $1 billion annually. Ben van Beurden, CEO of Shell, notes that the faith in the oil industry is disappearing. This is putting greater pressure on the company to move away from its traditional focus on oil and begin showing more support for clean power. Notably, Shell has also expressed support for countries to impose rules to place prices on carbon emissions. According to Shell,…

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Shell abandons arctic drilling operations

The oil and gas giant pulls out of the arctic after achieving only disappointing exploratory results. Royal Dutch Shell announced early last week that it would be walking away from its $7 billion arctic drilling efforts that were taking place in the Chukchi Sea off the northwest coast of Alaska, stating that it had found insufficient oil and gas in its Burger J exploration well, a finding that would not justify the costly development of the operation. Shell’s drilling plans have been suspended indefinitely. According to an article from The…

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