Shell had been spending heavily in offshore wind, aiming to leverage its experience extracting oil and gas at sea to become a leader in the technology. But soaring costs in the sector and a renewed focus on driving returns for shareholders under Sawan has led the company to back away from the green-energy source.
Shell Plans Job Cuts in Offshore Wind Business bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Shareholders Can t Agree if Shell Should Keep Pretending to Care About the Climate or Just Admit They re in it for the Money – Royal Dutch Shell Plc com royaldutchshellplc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from royaldutchshellplc.com Daily Mail and Mail on Sunday newspapers.