Shell halts wind and solar spending in favour of biofuels

James S Murray
clock • 2 min read

Oil company confirms it has invested just over one per cent of budget in renewables over the last five years

Oil giant Shell has announced it is to focus its future renewable energy strategy on biofuels and halt investment in technologies such as wind and solar, which it maintains are failing to offer sufficient...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Climate Action Tracker: Case for cleaner and more secure energy system has 'never been better'

Climate Action Tracker: Case for cleaner and more secure energy system has 'never been better'

New report urges governments to seize chance to turn current fossil fuel shock into a tipping point that enables the transition to a cleaner and more secure energy system

Stuart Stone
clock 11 June 2026 • 5 min read
Poll: Public backs clean power to strengthen UK energy security

Poll: Public backs clean power to strengthen UK energy security

Almost two thirds of voters think expanding the UK's clean power capacity leads to enhanced energy security

James Murray
clock 10 June 2026 • 4 min read
Schneider Electric and Kraken join forces to advance grid flexibility solutions

Schneider Electric and Kraken join forces to advance grid flexibility solutions

Partners aim to unlock grid capacity by providing utilities and distribution system operators with new levels of visibility and control over the network

clock 10 June 2026 • 2 min read