Campaigners criticise fall as oil company reveals better than expected profits of $6bn in third quarterShell’s investments in renewable energy fell to only 8% of the oil supermajor’s overall spending budget in the latest quarter after the company watered down its carbon emissions targets in March.Its financial results for July to September revealed that Shell spent $409m (£315m) in its renewables and energy solutions business, from an overall capital expenditure of almost $5bn. Continue reading…
Source link : https://www.theguardian.com/business/2024/oct/31/shell-investments-in-renewable-energy-drop-spending-budget
Author : Jillian Ambrose Energy correspondent
Publish date : 2024-10-31 09:29:35
Copyright for syndicated content belongs to the linked Source.
Shell investments in renewable energy drop to 8% of spending budget
