RE:Energy Policy Big Oil's energy policy is in turn governed by investors.
Back in 2016 Shell CEO Ben van Beurden, investments in renewables have to make money.
“I think we need to experiment with new types of business models to show that you can actually make money in renewables,” he said, adding that integrated energy solutions such as hybrid gas/renewables plants “can be a major business for us”.
He went on to explain that Shell shareholders were fully aware that the company needs to reduce its carbon emissions and move to a greener future. “We do hear a lot from our shareholders on this,” he said. “And most of the things that we hear are ‘whatever you do, make sure you keep paying these dividends’. And many of our shareholders take a somewhat dim view on the dividend-paying capacity of the renewables industry.”
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So I assume the potential LNG Canada Phase 2 fits the bill. What will Shell decide to do? Will Shell's other partners commit and is there room for domestic investment.
Can Phase 2 be made greener with the use of clean renewable electricity.