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

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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.

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