Royal Dutch Shell Plc wants 20 percent of income from its retail forecourts to come from vehicles that don't burn diesel or gasoline, as the company anticipates an accelerating transition to clean energy over the coming decade.
Shell set up its first hydrogen refueling station in the UK earlier this year and will install its first electric car charging point later this month, said John Abbott, the top executive of its downstream business, which includes refining, marketing, retail, trading and chemicals. By 2025, he expects these new operations supplying cleaner fuels, including natural gas, to make up a fifth of retail earnings.
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