Shell accelerates transition, though there are blind spots
The oil firm means to invest in more charging stands and renewable energy, though without concrete targets for solar or wind capacity. Shell's strategy checks the right boxes, but the question is whether the funds are there, says professor.
Shell's annual strategy day 2021 has been among the more anticipated ones. After the oil supermajor last year announced it would become a zero-emitter by 2050, thereby prompting a major restructuring, there's been no answer as to how it will achieve its goal.
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