We break down Shell's investments and strategic decisions to assess how the oil major plans to stay relevant during the energy industry's transition to a low carbon future.
Major oil and gas companies are ramping up their investments in clean energy technology as they prepare for the transition away from oil and gas.
Shell, the second largest global oil major by market value, has been in the spotlight for its role in fossil fuel production. But with governments and consumers increasingly focused on mitigating climate change, especially via a transition away from emissions-heavy energy production, Shell has begun focusing on clean energy. It has become one of the most active forces among its competitors making investments to hedge against the rise of renewables, electric mobility, and decentralized energy systems, all of which serve as threats to its core business.