Shell doubles up on green spending and vows to halve carbon footprint

clock • 3 min read

Anglo-Dutch giant to spend $2bn on wind power, biofuels and electric cars as it bows to shareholder pressure by setting new company climate change target

Shell has doubled its spending on clean power and bowed to shareholder pressure by promising to halve the carbon footprint of the energy it sells by 2050, as the oil giant said it was stepping up its ambitions...

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

Global Briefing: Iberian blackouts not caused by increased reliance on renewables, report finds

Global Briefing: Iberian blackouts not caused by increased reliance on renewables, report finds

Report attributes Spain and Portugal blackouts to 'cascading overvoltages', Pope Leo hits out at climate change deniers, and Trump administration cancels $8bn for climate projects

Stuart Stone
clock 03 October 2025 • 10 min read
NESO publishes updated timetable for grid connection reforms

NESO publishes updated timetable for grid connection reforms

System operator confirms plans for new grid connection timelines to prioritise renewable projects that can support clean power by 2030 goal

clock 02 October 2025 • 3 min read
Study: More than 180 constituencies at risk of 'deeply unpopular' Reform fracking plans

Study: More than 180 constituencies at risk of 'deeply unpopular' Reform fracking plans

Friends of the Earth publishes new map showing areas vulnerable to shale gas extraction, as Labour promises full ban on fracking projects

Stuart Stone
clock 01 October 2025 • 4 min read