Anglo-Dutch giant to spend $2bn on wind power,biofuels and electric cars as it bows to shareholder pressure by setting unique company climate change targetShell has doubled its spending on clean power and bowed to shareholder pressure by promising to halve the carbon footprint of the energy it sells by 2050, as the oil giant said it was stepping up its ambitions on green energy.
The Anglo Dutch firm is increasing capital expenditure for its unique energies division, or to $1bn-$2bn (£750m to £1.5bn) a year for 2018-2020,up from a preceding plan of up to $1bn a year by 2020.
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Source: guardian.co.uk