Shell and renewable energy

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The global oil company Shell has long pointed to its growing investments in renewable energy projects as evidence that it was more than just an oil company. However, as the oil price climbed in 2008 and 2008, Shell have been withdrawing from both existing and proposed renewable energy projects.

In May 2008, the Guardian reported that Shell had decided to sell its 33% stake in the proposed 1,000 megawatt London Array wind farm 12 kilometers of the Kent coast.[1]

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References

  1. Terry Macalister, "Winds of change: Shell ditches renewable stake amid fears of a retreat to carbons", Guardian, May 1 2008.

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