Shell Announces $3 Billion Investment in Renewable Projects to Offset Carbon Emissions by 2050

Written by Roberta Souza

Published on 18/02/2021 at 21:53

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The Goal of Shell Is to Reach Zero Emissions by 2050 and With That Make Investments in the Renewable Market

Shell, an Anglo-Dutch multinational, announced its strategy to achieve zero carbon emissions by 2050. The company will invest US$ 2 to US$ 3 billion annually in renewable energy projects. However, contrary to this goal, the company also announced that it allocated US$ 8 billion of its annual resources to oil production and US$ 4 billion to natural gas.

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Ben van Beurden, CEO of Royal Dutch Shell, says, “Our goal will reduce carbon emissions and deliver value to our shareholders, customers, and society at large. We must provide the services they want and need – products with the least environmental impact.”

The CEO further stated, “At the same time, we will leverage our established strengths to build a competitive portfolio as we transition to being a net-zero emissions business in harmony with society.”

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Commitment to Carbon Emissions:

In addition to abandoning fossil fuels, the Anglo-Dutch company also hopes to increase its appeal to investors concerned about the energy giant’s ability to reduce greenhouse gas emissions in a changing world.

Shell announced in October 2020 that it would increase its spending on low-carbon energy by 25% within five years. Recently, the company announced that it wanted to develop a solar energy project in Paraíba. The project consists of seven parks with an installed capacity of approximately 323 MW. The request for approval from Aneel is the first step to enable energy generation projects.

Shell Announces $3 Billion Investment in Renewable Projects to Offset Carbon Emissions by 2050

The Goal of Shell Is to Reach Zero Emissions by 2050 and With That Make Investments in the Renewable Market

Read Other News:

Commitment to Carbon Emissions:

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Shell Announces $3 Billion Investment in Renewable Projects to Offset Carbon Emissions by 2050

The Goal of Shell Is to Reach Zero Emissions by 2050 and With That Make Investments in the Renewable Market

Read Other News:

Commitment to Carbon Emissions:

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

Astronomers discover black hole wind traveling at 323 million km/h, a speed equivalent to 30% of the speed of light and considered a record.

Advancement in renewable energy: A R$ 150 million project launched by Petrobras and Finep aims to create state-of-the-art electrolyzers for green hydrogen, strengthening national research and preparing Brazil to compete in a billion-dollar energy market.

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Seven women from the same family turned a cheese factory in Minas into a tourist attraction, where visitors can watch the milking process, see the artisanal cheese being made, and even take home products made on the farm.

Prefabricated wooden house surprises in Spain with 132 m², two floors, up to four bedrooms, and a price starting from 45,751 euros, while the version with insulation for living can reach 80,059 euros without assembly, installation, and architect included.

A CIA manual that remained classified as secret for decades describes the five cognitive traps that led to the greatest intelligence failures in history, and anyone can make the same mistakes.

Dodge Charger Daytona receives solid-state battery in real test and reignites the race for lighter electric cars, faster to charge and with more range.

63 years ago, a Soviet worker left the factory, entered Vostok 6 alone, and became the first woman in space, but the achievement still highlights the slow opening of missions to women.