Shell Will Increase Investments in New Energies in Brazil Starting in 2021

Written by Roberta Souza

Published on 04/12/2020 at 13:41

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During Rio Oil & Gas, Shell’s President Reported That the Company Will Allocate 30% to 35% of Its Budget to Energy Investments

Shell, a multinational oil company whose main activities are oil refining and natural gas extraction, stated during Rio Oil & Gas that it will redirect 30% to 35% of its total budget toward research and development of new energies in Brazil starting in 2021. The statement was made by the company’s president in Brazil, André Araújo.

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The company’s president stated, “Shell will sell more products with lower carbon intensity, such as renewable energies, biofuels, and, I hope, hydrogen at some point in the future. The low-carbon economy has real business opportunities, job creation, and income. If Brazil does its homework, it will get ahead of everyone.”

Currently, the company invests about 10% in research and development in various oil and gas sectors. Shell aims to invest part of its global annual budget in new energies, with new targets related to global ambitions announced this year.

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Shell Will Increase Investments in New Energies in Brazil Starting in 2021

During Rio Oil & Gas, Shell’s President Reported That the Company Will Allocate 30% to 35% of Its Budget to Energy Investments

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Shell Will Increase Investments in New Energies in Brazil Starting in 2021

During Rio Oil & Gas, Shell’s President Reported That the Company Will Allocate 30% to 35% of Its Budget to Energy Investments

Check Also:

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

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In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

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