Back in 2019, Shell caused a buzz when it set out its stall to become “the world’s largest power company” by the early 2030s, in comments variously attributed to CEO Ben van Beurden and other senior executives at the Anglo-Dutch oil supermajor.
It wasn’t clear then exactly how that ambition would be measured by Shell. Now it is clear it is certainly not going to be by a ‘show me the gigawatts’ contest with transitioning fossil peers such as BP and Total, which are piling on renewable energy assets so fast it is hard to keep up – but have also faced stiff questions over the returns they can make in sectors such as offshore wind - link
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