Shell’s Investment In Renewables Is Wonderfully Worrisome

Ioanna Lykiardopoulou, The Next Web
Tue, 11/29/2022 - 8:25am

Amidst rising climate concerns and the current energy crisis, European oil companies are trying to pivot from fossil fuels to renewable power — and spending a huge amount while doing so. Most recently, British/Shell agreed to buy Europe’s biggest biogas producer, Denmark-based Nature Energy, for €1.9 billion. As part of the deal, the oil giant will acquire Nature Energy’s 14 industrial plants and an international development pipeline of about 30 plants across Europe and North America.

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