Shell Brazil will invest in new energies

On Wednesday (02), the president of Shell Brazil, André Araújo, announced that the company will direct from 30% to 35% of its annual research and development (R&D) budget for new energies from next year. To date, approximately 10% of this budget was directed to these energies.

This year, the oil company announced its goal of investing 35% of the annual global budget in new energy and reducing its carbon footprint by up to 65% by 2050. This new announcement follows the line of these objectives, which follow a global trend in the oil and gas sector.

According to the president, Shell Brazil will invest in products with less carbon intensity, such as renewable energy and biofuels.

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