Europe-based Royal Dutch Shell is outpacing U.S.-major counterparts in non-fossil-fuel investing.
Oil and Gas Investor
Investors have more recently begun to see climate change as a financial issue, said Andrew Logan, senior director of oil and gas for nonprofit group Ceres. (Source: Hart Energy/Shutterstock.com)
In early 2018, Royal Dutch Shell Plc became the owner of Impello Ltd., including U.K. utility First Utility, and the first major oil and gas company to offer broadband internet service.
Overnight this year, the new business unit, Shell Energy Retail Ltd., also switched 700,000 British households to 100% renewable electricity. In 2019, the company intends to roll out a range of smart home offerings, including thermostats and electric vehicle (EV) charging.