Royal Dutch Shell may fail to reach green energy targets

Royal Dutch Shell is at risk of falling short on plans to invest up to $6bn (£4.6bn) in green energy projects between 2016 and the end of 2020, with its slow progress likely to raise concern that oil companies are not moving fast enough to help tackle the climate crisis.

With a year to go, oil firm’s $2bn investment is well below its own guidance of $4bn-$6bn

With a year to go, oil firm’s $2bn investment is well below its own guidance of $4bn-$6bn

The Anglo-Dutch oil company has spent an estimated $2bn on building a low-carbon energy and electricity generation business since setting up its “new energies” division in 2016. With a year to go, the sum is well below Shell’s own guidance that the total investment between 2016 and the end of 2020 would be between $4bn and $6bn.



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