Shell to invest $1 billion a year in renewable energy by 2020

Renewable Energy Investment - American Money

Shell has ambitious plans concerning renewable energy and clean transportation Shell has ambitious plans to show more support for renewable energy in the coming years. The company’s New Energies division is being prepared to make the transition toward clean power and transportation. Through this division, Shell plans to invest $1 billion a year in renewable energy and clean transportation by 2020. Shell CEO Ben Van Beurden notes that the transition toward clean power and technology has begun to accelerate in many parts of the world. This has created a significant…

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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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