Shell will acquire Australia’s Select Carbon, a “carbon farming” specialist, as the oil giant begins shaping a crucial pillar of its net-zero plans. Shell’s new Nature-Based Solutions business has made its first acquisition, with the Anglo-Dutch oil major announcing Monday that it will buy Australia’s Select Carbon. Shell has a net-zero ambition for 2050 […]
Shell and BP Slash Spending but Renewables Largely Spared
Two of the world’s oil supermajors suggested this week that oil demand may never fully recover from the coronavirus crisis. Shell just did the thing CEO Ben van Beurden said no leader of the company would ever want on their record: cut its shareholder dividend for the first time since World War II. In slashing […]