Like other leading European energy companies, Shell is aiming for rapid expansion of its low-carbon and renewables business as part of efforts to reduce greenhouse gas emissions over the coming decades.
The British company said in February 2021 that it aims to spend between $2 billion and $3 billion a year on renewables and energy solutions. Global Witness said that its own calculations showed Shell spent only 1.5%, or $288 million, of its total spending of $20 billion on renewable energy sources such as wind and solar.
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