Article 1F4KV Shell says it will limit solar investment until it proves profitable

Shell says it will limit solar investment until it proves profitable

by
Terry Macalister Energy editor
from Environment | The Guardian on (#1F4KV)
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Chief executive Ben van Beurden tells shareholders the firm wants to gradually increase its operations in clean energy

Shell will avoid investing too heavily in solar or other technologies until they can make financial profits, its chief executive has said.

Ben van Beurden told a meeting of shareholders in London that the oil company was already established in windfarms, a carbon capture plant, and wanted to gradually increase its operations in clean energy.

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