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Shell commits billions to renewables in net zero strategy


Shell commits billions to renewables in net zero strategy
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Shell has committed billions in spending on renewables and hydrogen, but a continued reliance on fossil fuels has seen the company branded delusional. Image: Flickr/Lee Jordan
Oil and gas major Shell has said it will spend between US$2 billion and US$3 billion on renewables and energy solutions annually to help it attain net zero status by 2050.
However the company has maintained reliance on fossil fuel revenues, stated investments in oil exploration would remain effectively three-times that earmarked for renewables and has been heavily criticised by green groups, some of which dismissed Shell’s new strategy as “delusional”. ....

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