Shell is still primarily an oil and gas company, but we have a long tradition of innovation. We know that long-term success depends on our ability to anticipate the types of energy and fuels people will need in the future and remain commercially competitive and environmentally relevant.
Our natural gas businesses give governments the option to reduce emissions from electricity, by replacing coal, and we have an interest in a wind business with over 1,000 megawatts of capacity. Shell is a long-time supporter of government-led carbon “pricing” mechanisms. We have a number of vehicles to support investment in new technology, such as Shell Ventures – a venture capital body with an investment focus on a mix of traditional oil and gas, clean and green technology. In recent years, Shell Ventures has supported both solar-based and wind businesses.