Jenny Strasburg of The Wall Street Journal reports that Shell will buy a biogas producer for $2 billion.
- The oil and gas giant will buy Danish renewable gas company Nature Energy Biogas A/S.
- Nature Energy develops biogas from decomposing landfill and farm waste.
- Shell rival BP recently purchased Archaea Energy, which creates renewable natural gas from landfill waste.
- Markets and consumer demand are incentivizing the private sector to accelerate climate-friendly technologies.
Read the full article here.
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