Shell to Buy Biogas Producer in $2 Billion Deal

Money is a sticking point in climate-change negotiations around the world. As economists warn that limiting global warming to 1.5 degrees Celsius will cost many more trillions than anticipated, WSJ looks at how the funds could be spent, and who would pay. Illustration: Preston Jessee/WSJShell PLC has agreed to buy a European producer of biogas for nearly $2 billion, the latest move by a major oil and gas company to push into renewable fuels.

The London-based company said Monday it would buy Denmark’s Nature Energy Biogas A/S, which produces a renewable fuel called biomethane that can replace conventional natural gas in heavy road and marine transport, industry and heating. Nature Energy is Europe’s biggest producer of biomethane from organic waste.

I doubt they’re doing anything more than buying out their competition.

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Shell to buy Danish firm Nature Energy for nearly $2 billionShell said on Monday it would acquire Danish biogas producer Nature Energy for nearly $2 billion, as it looks to boost its low-carbon business amid growing interest in biogas. Or two shares of twitter stock. Then stop all funding to future research 🤣 Ahh yes....!! Shell and nature.
Source: Reuters - 🏆 2. / 97 Read more »