Shell aims to become world’s largest electricity company

Oil major prepares for fundamental shift towards lower-carbon energy sources

and in Houston

Royal Dutch Shell, one of the world’s biggest oil and gas groups, is aiming to become the largest electricity company by the 2030s, as it prepares for a fundamental shift in global energy supplies towards lower-carbon sources. Maarten Wetselaar, Shell’s director of gas and new energies, told the Financial Times that the group could develop a power business, including supplying customers, trading and providing equipment, that was the same size as its oil or gas operations.

FULL FT ARTICLE

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