The Guardian
Shell increases stake in Australia’s electricity market with Powershop takeover
A Meridian spokesperson defended the sale of the retailing arm to one of the world’s biggest fossil fuel companies, saying the company’s commitment “to do good by our customers and the planet is stronger than ever”.
“We consider this sale as a positive for both, knowing customers will get the same great service and knowing Shell Energy and its partner ICG’s vision is to significantly invest in a transition to a cleaner energy future,” the spokesperson said. “We are proud of that.”