Shell will not invest in replenish-able technologies like wind, solar and hydro power because they aren't business, the Anglo-Dutch oil company claimed today. This company has a plan to make more investments in biofuels, which carry the blame for the escalation in the cost of food, and the destruction of our forests, as the environmentalists state. The company asserted it would concentrate on developing other cleaner strategies of using normal fuels, eg carbon capture and sequestration ( CCS ) technology. It intended to utilize CCS to lower emissions from Shell's shady and energy-intensive oil sands projects in northern Canada.
It was declared by the company that no attractive investment opportunities were offered by alternative technologies, such as the RV solar panel. Linda Cook, Shell's executive director of gas and power, declared: If there are not investment opportunities which vie with other projects we cannot put cash into it.
Its core business of the provision of logistics, branding, trading, and fuels, are where biofuels fit in, as Shell expounds.
Cook also said, “It now seems as if biofuels are closest to what we offer at Shell. Solar and Wind power are fine, however, everyone will continue to investigate other prospects in which to add to their investment portfolios, even though there are other markets with big packages. The increasing of its dividend payments this year to $10bn, or about 5%, was also confirmed by the company. Friends of the Earth condemned Shell for halting support in alternatives like wind for biofuels.
The campaign group clarified: "Shell is supporting the wrong party in terms of renewable energy biofuels, leading to more emissions than the gas and diesel they replace. "Shell isn't being as dishonest about being in the fossil fuel industry". It looked at limitations that the green wash used some years ago had.". Shell has about 550 MW of wind farm capacity around the planet, enough to power a town the size of Sheffield when the wind blows. Last annum, it quit the 1000MW London Array Project, the cooperation that intended to construct what would be the world's largest offshore wind farm in the Thames Estuary. The required 3 billion pound investment is still hanging on the decision of former project partner E.ON.
Exiting CEO Jeroen wagon der Curve confirmed that the corporation had borne some "technology baths" in the past when it supported unprofitable technologies. Energy in the 80% range will be from normal fuels and 20 P.C. by the year 2025, as envisioned by the firm, from other power sources such as the RV solar panel. However, it spends more than 1% of its budget on alternative technology.
Over the past five years, only 1.7 billion dollars of the 150 billion it invested has been allotted towards alternative sources of energy such as the RV solar panel. Now a huge portion of its business, Cook states that at one time, only 1% of the budget was invested by the company on natural gas in a liquid state.
The company claimed it would raise debt levels to maintain dividend payments and its spending programme. Wagon der Curve reiterated that energy needs over the long haul were healthy and that oil prices would recover.
It was declared by the company that no attractive investment opportunities were offered by alternative technologies, such as the RV solar panel. Linda Cook, Shell's executive director of gas and power, declared: If there are not investment opportunities which vie with other projects we cannot put cash into it.
Its core business of the provision of logistics, branding, trading, and fuels, are where biofuels fit in, as Shell expounds.
Cook also said, “It now seems as if biofuels are closest to what we offer at Shell. Solar and Wind power are fine, however, everyone will continue to investigate other prospects in which to add to their investment portfolios, even though there are other markets with big packages. The increasing of its dividend payments this year to $10bn, or about 5%, was also confirmed by the company. Friends of the Earth condemned Shell for halting support in alternatives like wind for biofuels.
The campaign group clarified: "Shell is supporting the wrong party in terms of renewable energy biofuels, leading to more emissions than the gas and diesel they replace. "Shell isn't being as dishonest about being in the fossil fuel industry". It looked at limitations that the green wash used some years ago had.". Shell has about 550 MW of wind farm capacity around the planet, enough to power a town the size of Sheffield when the wind blows. Last annum, it quit the 1000MW London Array Project, the cooperation that intended to construct what would be the world's largest offshore wind farm in the Thames Estuary. The required 3 billion pound investment is still hanging on the decision of former project partner E.ON.
Exiting CEO Jeroen wagon der Curve confirmed that the corporation had borne some "technology baths" in the past when it supported unprofitable technologies. Energy in the 80% range will be from normal fuels and 20 P.C. by the year 2025, as envisioned by the firm, from other power sources such as the RV solar panel. However, it spends more than 1% of its budget on alternative technology.
Over the past five years, only 1.7 billion dollars of the 150 billion it invested has been allotted towards alternative sources of energy such as the RV solar panel. Now a huge portion of its business, Cook states that at one time, only 1% of the budget was invested by the company on natural gas in a liquid state.
The company claimed it would raise debt levels to maintain dividend payments and its spending programme. Wagon der Curve reiterated that energy needs over the long haul were healthy and that oil prices would recover.
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