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Source: Mike Mozart/Flickr

Shell Doubles Investment In Green Energy, Halves Carbon Footprint By 2050

By Brian Spaen

Shell announced exciting new goals in their efforts to limit our planet's rising temperaturse. The multinational oil and gas company announced that they will be doubling the amount they spend on green energy, while reducing their carbon footprint by 2035. These moves comes after shareholders of the company have been wanting to see them take a more aggressive approach on these issues.

As part of Management Day 2017, company CEO Ben van Beurden updated investors on various topics including a new pathway to reduce their net carbon footprint. They’ll be cutting back on one-half of emissions from their own operations and what goes into producing the company’s products by 2050. 20 percent of it will decrease by an earlier goal of 2035.