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Duncan - The Low Carbon Economy Ltd

29 Jun 2009 03:06:36

Shell and their current standing on Renewables

Total Capex 2009: $31bn - $32bn
Renewables Investments: $200Million (Estimate)
Invested 1.7 bn on alternative energy in the last 5 Years
2009 dividend payout to share holders: $ 10 bn

Areas of investment (Historically): US on shore Wind Projects plus Hydrogen and thin film solar.
Shells outgoing CEO said in March 09 that Shell would drop all new investments in Wind, Solar, and Hydrogen Energy. They will focus any remaining interests on Bio-Fuel production from non food sources, as well as CCS research in Germany, Netherlands, Norway, Canada, Australia an the US.

As a consequence of the figures above, Green Peace UK has said that "shell has rejoined the ranks of the dirtiest most regressive corporations in the world"

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