Royal Dutch Shell provoked a furious backlash from campaigners yesterday when it announced plans to scale back its renewable energy business and focus purely on oil, gas and biofuels. Jeroen van der Veer, the chief executive, said that Shell, the worldโs second-largest non-state-controlled oil company, was planning to drop all new investment in wind, solar and hydrogenย energy.
Critics say new LNG ventures in British Columbia saddle Indigenous communities with debt, opaque ownership structures, and financial risk that could leave them owing billions.
Campaigners have highlighted the irony of the Tory peer warning about threats to free speech at a think tank bankrolled by a repressive regime.
Corporate pledges to fight deforestation by turning degraded pasture into cropland seen boosting demand for harmful chemical inputs.
As the New York-based firm was preparing to work on the climate summit, it was also pushing for Brazilian oil and gas distributor Vibra Energia to help power it.
