Boyden: The Evolution of Energy
A new article from Boyden shares the new trends seen in oil & gas companies within the energy sector.
Here are some of the key points:
- Big oil & gas companies like Shell are acquiring smaller green energy to answer to demands from regulators, shareholders and the public.
- Their efforts to diversity into renewable energy could help accelerate its mainstream adoption as they leverage their vast resources to ramp up development.
- Shell's CEO, Ben van Beurden, set the goal of 50% reduction in carbon emissions by 2050.
- It has started allocating up to $2 billion per year to alternative energy businesses and technologies, although some argue this isn't enough considering it's capital budget of up to $30 billion.
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