Anglo-Dutch energy major Shell is aiming to double its investment in clean technology to about $4bn a year, up from the $1bn to $2bn commitment the company has already made. In an interview in the UK Guardian newspaper, Shell head of gas and new energy Maarten Wetselaar declared the intention for the company to boost its low-carbon energy spending. Wetselaar said that if initial investments show a good rate of return then he could make the case to increase green spending further from 2020, the article said.
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