Shell puts electric charge into green energy future
Royal Dutch Shell plans to operate as many as 2.5 million electric vehicle charging points globally by 2030 under a new emissions-reduction strategy that will see its oil output decline.
The Anglo-Dutch oil giant sought to flesh out its 2050 net zero emissions goal with a plan to focus on customer-facing business such as electricity sales, rather than power generation like its peers. It intends to operate half a million charging points by 2025, up from 60,000 today, and could increase this to 2.5 million by the end of the decade.
Shell also plans to grow its businesses in carbon capture and storage, “nature-based solutions” such as tree-planting, biofuels and hydrogen.
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
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