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Shell has announced plans to invest $2 billion annually in new and renewable energy
generation by 2020.
Shell intends to invest $2 billion annually in cleaner technologies by 2020
The new report announced details plans
for the transition to a low-carbon energy system.
Shell confirmed that it would only invest in financially viable projects without subsidies and said it could focus on the wind, hydrogen and electric vehicle sectors
.
Usually when
investing in power projects.
Shell seeks returns on equity of up to 12
%.
The company also said it aims to reduce the net carbon footprint
of its energy products sold by 2050 by reducing operational emissions and changing its product mix.
Plans include selling more natural gas, biofuels, electricity and developing more carbon capture and storage capacity
.
Shell also plans to use less oil and adopt nature-based solutions such as planting forests or restoring wetlands to absorb carbon emissions
.
Still, Shell said it will continue to sell all oil and gas needed by society and will take steps
to reduce carbon emissions when it makes business sense.
，
Shell has announced plans to invest $2 billion annually in new and renewable energy
generation by 2020.
Shell intends to invest $2 billion annually in cleaner technologies by 2020
Shell intends to invest $2 billion annually in cleaner technologies by 2020The new report announced details plans
for the transition to a low-carbon energy system.
Shell confirmed that it would only invest in financially viable projects without subsidies and said it could focus on the wind, hydrogen and electric vehicle sectors
.
Usually when
investing in power projects.
Shell seeks returns on equity of up to 12
%.
The company also said it aims to reduce the net carbon footprint
of its energy products sold by 2050 by reducing operational emissions and changing its product mix.
Plans include selling more natural gas, biofuels, electricity and developing more carbon capture and storage capacity
.
Shell also plans to use less oil and adopt nature-based solutions such as planting forests or restoring wetlands to absorb carbon emissions
.
Still, Shell said it will continue to sell all oil and gas needed by society and will take steps
to reduce carbon emissions when it makes business sense.
，
