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Shell to buy Inspire Energy in green energy push

Shell to buy Inspire Energy in green energy push

Reuters reports that Shell will buy Inspire Energy as it looks to increase its green energy production.

The C3 Take
  • Shell is buying Inspire Energy as a way to reach its goal to be net-zero by 2050.
  • Shell has come under pressure from investors, consumers, and courts to reduce its greenhouse gas footprint by mid-century.
  • The private sector is leading the way in the clean energy transition.

“Like other oil companies, Shell has come under investor pressure to slash planet-warming greenhouse gas emissions and said it plans to increase its spending on renewables and low carbon technologies to up to 25% of its overall budget by 2025.”

Read the full article here.

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