Shell Under Fire For Doubling Down On Oil And Gas ...Middle East

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Shell Under Fire For Doubling Down On Oil And Gas
source : OILPRICE ( Middle East ) () 49
Institutional investors in Europe are disappointed with Shell’s new strategy to continue investing in oil and gas production and selectively pour capital into renewable energy solutions, to the point of some investors considering removing it from their portfolios. Earlier this week, Shell laid out plans to raise its dividend by 15%, effective from the second quarter 2023 interim dividend, as the UK-based supermajor pledged to grow its gas business and extend its position in the upstream. “It is critical that the world avoids dismantling…

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