Home Economy Shell To Invest $33b in UK Energy Sector

Shell To Invest $33b in UK Energy Sector

Shell To Invest $33b in UK Energy Sector

According to a top official, the shell will spend up to $33 billion in the UK’s energy infrastructure over the next decade, with over 75 percent of the money going toward zero-carbon products and services. The article contains Shell To Invest $33b in UK Energy Sector.

David Bunch, president of the company’s UK business, confirms that Shell wants to spend between 20 billion and 25 billion pounds in the UK, highlighting offshore wind, hydrogen, and electric mobility as emphasis areas in a post on networking site LinkedIn on March 23, 2022 . The proposals come only weeks after the British energy major announced that it would no longer be involved in Russian hydrocarbons.

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