Shell Pushes Its Renewable Energy Agenda Forward In The UK
Shell is rebranding FirstUtility, which it purchased last year, as Shell Energy and says it will offer its customers electricity from 100% renewable sources.
Shell is rebranding FirstUtility, which it purchased last year, as Shell Energy and says it will offer its customers electricity from 100% renewable sources.
British-Dutch oil and gas company Royal Dutch Shell published its Annual Report for 2018 last week in which it also revealed the company’s first carbon emissions reduction target of between 2-3% by 2021.
Fear of nuclear power is vastly overrated as an issue among pro-nuclear advocates. Like conservatives in the USA up to the Secretary of the Interior blaming non-existent eco-terrorists for west coast wildfires, it’s a strawman, a convenient fiction that the nuclear advocates share among themselves to avoid the harsh truth.
British-Dutch oil major Royal Dutch Shell has made it clear this week that, at least publicly, it has no interest in doing business as usual, rebuking US President Donald Trump and his administration to tighten methane while at the same time announcing it plans to be the largest power company in the world by the early 2030s.
There are two persistent and overlapping trends in American discussions of climate change, nuclear energy, and renewable energy. The first is American exceptionalism, the idea that the USA is doing better than any country in the world despite denying climate change and walking away from the Paris Accord. The second is that Germany is awful, choosing to shut down its nuclear plants, resulting in massive increases in greenhouse gases.
The Norwegian sovereign wealth fund has announced it will no longer invest in companies that specialize in oil and gas exploration. The news could send shock waves through the investment community.
Global oil companies are plowing billions of dollars per year into solar and into energy storage, as more nations seek to switch their energy sources away from fossil fuels.
We would get triple the benefit with a saving of around 33 billion tons for wind and solar vs 11 billion tons for nuclear.
Shell is diving off the deep end into energy storage with the acquisition of 100% of Germany energy storage and solution provider sonnen.
The electric car world stops when Tesla shareholder calls happen, but another significant development occurred in late January when Shell New Energies US, LLL, a wholly-owned subsidiary of Shell, acquired Greenlots, an electric car charging software and hardware company. The acquisition raises questions about fossil-fuel companies and their approach with the electric vehicle charging landscape and profit expectations going forward.