{"id":517977,"date":"2022-11-29T18:25:21","date_gmt":"2022-11-29T15:25:21","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/shells-investment-in-renewables-is-wonderfully-worrisome\/"},"modified":"2022-11-29T18:25:21","modified_gmt":"2022-11-29T15:25:21","slug":"shells-investment-in-renewables-is-wonderfully-worrisome","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/shells-investment-in-renewables-is-wonderfully-worrisome\/","title":{"rendered":"#Shell\u2019s investment in renewables is wonderfully worrisome"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a332e7f9a69b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a332e7f9a69b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/shells-investment-in-renewables-is-wonderfully-worrisome\/#%E2%80%9CShells_investment_in_renewables_is_wonderfully_worrisome%E2%80%9D\" >&#8220;Shell\u2019s investment in renewables is wonderfully worrisome&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/shells-investment-in-renewables-is-wonderfully-worrisome\/#What_is_biogas\" >What is biogas?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/shells-investment-in-renewables-is-wonderfully-worrisome\/#Join_TNW_in_Valencia\" >Join TNW in Valencia!<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/shells-investment-in-renewables-is-wonderfully-worrisome\/#Why_Shells_investment_in_biogas_is_terrific_but_troubling\" >Why Shell\u2019s investment in biogas is terrific, but troubling<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/shells-investment-in-renewables-is-wonderfully-worrisome\/#Green_investments_are_funding_the_fossil_fuel_industry\" >Green investments are funding the fossil fuel industry<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CShells_investment_in_renewables_is_wonderfully_worrisome%E2%80%9D\"><\/span>&#8220;Shell\u2019s investment in renewables is wonderfully worrisome&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/img-cdn.tnwcdn.com\/image?fit=796%2C417&amp;url=https%3A%2F%2Fcdn0.tnwcdn.com%2Fwp-content%2Fblogs.dir%2F1%2Ffiles%2F2022%2F11%2FUntitled-design-95-11.jpg&amp;signature=159859b226fe531e65c8a10af5777d53\" \/><\/p>\n<div id=\"article-main-content\">\n                            Amidst rising climate concerns and the current energy crisis, European oil companies are trying to pivot from fossil fuels to renewable power \u2014 and spending a huge amount while doing so.<\/p>\n<p>Most recently, British\/Shell <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.shell.com\/media\/news-and-media-releases\/2022\/shell-to-acquire-renewable-natural-gas-producer-nature-energy.html\">agreed<\/a> to buy Europe\u2019s biggest biogas producer, Denmark-based <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/nature-energy.com\/\">Nature Energy<\/a>, for \u20ac1.9 billion. As part of the deal, the oil giant will acquire Nature Energy\u2019s 14 industrial plants and an international development pipeline of about 30 plants across Europe and North America.<\/p>\n<p>This comes one month after rival BP <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bp.com\/en\/global\/corporate\/news-and-insights\/press-releases\/bp-accelerates-and-expands-in-bioenergy-agreeing-to-buy-leading-us-biogas-company-archaea-energy.html\">announced<\/a> its $4.1-billion plan to buy Archaea Energy, a US-listed biogas producer.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_biogas\"><\/span>What is biogas?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"inarticle-wrapper channel-cta\">\n<div class=\"ica-text\">\n<h4><span class=\"ez-toc-section\" id=\"Join_TNW_in_Valencia\"><\/span>Join TNW in Valencia!<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>The heart of tech is coming to the heart of the Mediterranean<\/p>\n<\/div>\n<\/div>\n<p>Biogas \u2014 also known as renewable natural gas (RNG) \u2014 is primarily produced using waste from crops, animal manure, and industrial activity through a special \u201cdigestion\u201d process in which bacteria break down organic matter in an oxygen-free environment.<\/p>\n<p>It\u2019s then purified into biomethane by extracting carbon dioxide and hydrogen sulphide, and can be treated identically to natural gas in the pipeline network \u2014 requiring no novel infrastructure.<\/p>\n<p>As such, biogas is considered a renewable energy source, which can be stored or supply power to the grid.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Shells_investment_in_biogas_is_terrific_but_troubling\"><\/span>Why Shell\u2019s investment in biogas is terrific, but troubling<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>At face value, Shell\u2019s investment definitely sounds like a good thing. The optimistic reasoning goes like this: fossil fuel players are increasingly feeling the pressure to establish themselves as legitimate partners in the energy transition.<\/p>\n<p>\u201cWe will use this acquisition to build an integrated RNG value chain at global scale, at a time when energy transition policies and customer preferences are signaling strong growth in demand in the years ahead,\u201d the company notes in the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.shell.com\/media\/news-and-media-releases\/2022\/shell-to-acquire-renewable-natural-gas-producer-nature-energy.html\">press release<\/a>.<\/p>\n<p>Shell also adds: \u201cNature Energy is cash generative, and the acquisition is expected to be both accretive to Shell\u2019s earnings from completion and deliver double digit returns.\u201d<\/p>\n<p>But whether this renewable energy-generated money will indeed go towards renewable energy development is debatable.<\/p>\n<p>After all, oil is still far more profitable than renewables. According to the company\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.shell.com\/media\/news-and-media-releases\/2022\/shell-third-quarter-2022-update-note.html\">Q3 2022 update note<\/a>, renewables and energy solutions adjusted earnings are expected to be around $300 million \u2014 compared to the adjusted earnings of upstream oil production between $3 and $3.4 billion.<\/p>\n<p>And while Shell aims to be a net-zero emissions energy business by 2050, this isn\u2019t guaranteed \u201cas these targets [net zero by 2050 and Net Carbon Footprint by 2035] are currently outside our 10-year planning period,\u201d the fine print <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.shell.com\/media\/news-and-media-releases\/2022\/shell-to-acquire-renewable-natural-gas-producer-nature-energy.html\">reads<\/a>.<\/p>\n<p>\u201cIn the future,\u201d it continues, \u201cas society moves towards net-zero emissions, we expect Shell\u2019s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Green_investments_are_funding_the_fossil_fuel_industry\"><\/span>Green investments are funding the fossil fuel industry<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Take the example of Equinor\u2019s floating offshore wind farm in Norway, for instance. Two weeks ago, the so-called Hywind Tampen started power production from its first wind turbine. But while wind is a renewable energy source, the farm will be used to help power operations at oil and gas fields in the North Sea.<\/p>\n<p>Even more alarmingly, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ftm.eu\/green-investments\">The Great Green Investment Investigation<\/a>, a pan-European investigative journalism collective, has brought to light the dark side of sustainable investing.<\/p>\n<p>The team looked into the European funds that, according to the EU\u2019s sustainability index, classify themselves as \u201cdark green,\u201d i.e. highly sustainable.<\/p>\n<p>They found that well over 8.5 billion euros worth of \u201cgrey\u201d investments in Europe\u2019s dark green funds \u2014 with grey signifying \u201cnon-sustainable.\u201d Their research also yielded another worrisome result: almost half of the dark green funds included investments in the aviation and fossil fuel industry.<\/p>\n<p>That being said, we do need energy suppliers like Shell to keep investing in renewables, as it\u2019s a crucial step towards our transition to greener forms of energy \u2014 and perhaps these investments are indeed signaling a more sustainable future.<\/p>\n<p>Nevertheless, regulatory bodies need to take further action to ensure that renewables are being used to save the planet rather than powering up our dependency on fossil fuels.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/shell-investment-in-renewable-biogas-is-wonderfully-worrisome\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Shell\u2019s investment in renewables is wonderfully worrisome&#8221; Amidst rising climate concerns and the current energy crisis, European oil companies are trying to pivot from fossil fuels to renewable power \u2014 and spending a huge amount while doing so. Most recently, British\/Shell agreed to buy Europe\u2019s biggest biogas producer, Denmark-based Nature Energy, for \u20ac1.9 billion. As&#8230;<\/p>\n","protected":false},"author":1,"featured_media":517978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/tnw?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/11\/Untitled-design-95-11.jpg&signature=4c0e99f7f3770c07e313efdb7de406a8","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-517977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/517977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=517977"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/517977\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/517978"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=517977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=517977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=517977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}