Climate Concerns Are Pushing Oil Majors to Look Beyond Fossil Fuels

Climate Concerns Are Pushing Oil Majors to Look Beyond Fossil Fuels

5 years ago
Anonymous $Dftgs0JzgE

https://www.scientificamerican.com/article/climate-concerns-are-pushing-oil-majors-to-look-beyond-fossil-fuels/

In 2016, Royal Dutch Shell PLC, one of the largest oil and gas companies in the world, started a historic plunge into new businesses.

The British-Dutch-controlled company began spending $2 billion a year on joint ventures that had little or nothing to do with oil and gas. One of its new companies sells biofuels made from sugar cane in Brazil. Another built an advanced demonstration project in Bangalore, India, that makes biofuels from agricultural wastes.

Climate Concerns Are Pushing Oil Majors to Look Beyond Fossil Fuels

Jan 16, 2019, 6:16am UTC
https://www.scientificamerican.com/article/climate-concerns-are-pushing-oil-majors-to-look-beyond-fossil-fuels/ > In 2016, Royal Dutch Shell PLC, one of the largest oil and gas companies in the world, started a historic plunge into new businesses. > The British-Dutch-controlled company began spending $2 billion a year on joint ventures that had little or nothing to do with oil and gas. One of its new companies sells biofuels made from sugar cane in Brazil. Another built an advanced demonstration project in Bangalore, India, that makes biofuels from agricultural wastes.