Most recent 40 articles: Seekingalpha
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Shell sold millions of 'phantom' carbon credits to Canadian oil sands firms - FT - Seekingalpha  (May 6) |
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May 6 · Scott Barbour/Getty Images News Shell (NYSE:SHEL) sold millions of carbon credits tied to CO2 removal that never took place to Canada's largest oil sands companies, Financial Times reported Sunday, raising new doubts about a technology seen as important in reducing greenhouse gas emissions. Alberta's provincial government allowed Shell (SHEL) to register and sell carbon credits equivalent to twice the volume of emissions avoided by the company's Quest carbon capture facility during 2015-21; as a result of the subsidies, Shell was able to register 5.7M credits that had no equivalent CO2 reductions, selling them to top oil sands producers and some of its own subsidiaries, ... Read more ... |
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Shell to keep renewable energy spending flat after hitting record last year (NYSE:SHEL) - Seekingalpha  (Feb 02, 2023) |
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Feb 02, 2023 · Shell (NYSE:SHEL) said Thursday it plans to keep investment steady in its renewables business this year after reaching an all-time high in 2022, with a renewed focus on delivering value to shareholders. "Our philosophy has been a real pivot toward energy transition investments, but we will make sure that those investments go into the areas where we can see line of sight toward attractive returns to be able to reward our shareholders," new CEO Wael Sawan said after the company reported its second-highest ever quarterly earnings. Shell invested ~$3.5B on the renewables and energy solutions business last year, comprising 14% of total capital spending, a level that will ... Read more ... |
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