Shell is to accelerate its investments in low-carbon technologies, according to its CEO Ben van Beurden.
In an interview for the company’s website, he said the oil giant’s current investments were “not enough” and “it all needs to accelerate”.
The move comes as Shell announced up to 9000 job losses as part of a restructuring process to streamline its oil business.
He said: “Across our businesses, our low-carbon investments will increase significantly over time.
“In a company as big as Shell, even a strong rate of growth can be hard to notice, but we are accelerating.
“In offshore wind, we have been part of winning bids to build projects.
“We have made inroads as a developer of solar power.
“And when it comes to hydrogen, it is still a very small market but we are absolutely the leader when it comes to hydrogen for transport and are active in other areas too.”
“We are, for example, installing the world’s largest hydrogen electrolyser in Germany.”