“Maarten Wetselaar, the head of the gas and new energy unit which generates a third of the company’s revenues, said he wanted to raise Shell’s investment in low carbon energy.
The company has already committed to spend $1bn-$2bn annually in the next two years, with the rest of its total $25bn budget invested in hydrocarbons.”
https://amp.theguardian.com/business/2018/dec/26/shell-says-it-wants-to-double-green-energy-investment?__twitter_impression=true
Shell has a $25 billion annual budget mostly invested in hydrocarbons.
HZR has technology that can process hydrocarbons into emission free fuel and sequester carbon as synthetic graphite.
Shell is doubling it’s annual budget in clean fuel.
I think they should talk to HZR before their hydrocarbon assets become stranded.
BP, Santos, Woodside, etc might want to get on the phone as well.
The race towards a green future is heating up, page-214
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