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Shell says to invest $5-6 bn annually in green energy

  • Shell outlined extra cash for biofuels, electric car charging and renewables and said crude oil production was gradually declining.
Published February 11, 2021

LONDON: Anglo-Dutch oil giant Shell said Thursday that it will invest up to $6 billion (4.9 billion euros) per year in green energy, adding that oil output for the group peaked in 2019.

Shell outlined extra cash for biofuels, electric car charging and renewables and said crude oil production was gradually declining.

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