“We do not expect material amounts of investment in those areas going forward,” Linda Cook, head of Shell’s gas and power unit told reporters at a press conference on Tuesday.
“They continue to struggle to compete with the other investment opportunities we have in our portfolio,” Cook said of solar and wind.
Shell’s future involvement in renewables will be principally limited to biofuels, which the world’s second-largest non- government-controlled oil company by market value believes is a better fit with its core oil and gas operations.
In the past year, the company said it was refocusing its wind business on the U.S. as it pulled out of European projects.
Shell has around 550 megawatts of wind power capacity but does not break out figures for investment in each renewable energy source.
From 1999-2006 Shell invested around $1.25 billion in green energy, according to Reuters analysis of Shell’s statements. Wind played a large part of that.
One renewables analyst said the decision could reflect the $100/bbl drop in oil prices since July which has eased concerns about energy supply and the economic crisis which has pushed environmental concerns down the agenda.
“There may not be any political pressure on them to invest in renewables at this particular stage,” the analyst, who asked not to be named, said.
The decision may anger environmental groups who, in recent years, have put pressure on Shell over its major investments in Canada’s oil sands, an energy and water intensive business which involves squeezing crude from bitumen-soaked soil.
While Shell’s advertising focuses on its involvement in renewable energy, only around 1 percent of its investments go to these energy sources.
(Additional reporting by Michael Szabo; Editing by Rupert Winchester)
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This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
