Dutch NOS Eight O’Clock News gives a concise summary of Shell’s new strategy and plans for a sustainable future. Shell will invest a couple of billion a year in renewable energy. But most of their investments of 20 billion euro will go to oil and gas. Critical shareholders are therefore asking whether Shell will meet their own climate goals.
Mark Van Baal of Follow This: “it is a very big step, but it is not enough to meet the Paris goals. It is not enough to really stop climate change. Shell is committing much too little to that in the near term, the next 10 years.”
Watch the clip in NOS Eight O’Clock News and the response of Follow This (at 1:16):