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