Royal Dutch Shell are investing $1 billion per year on renewables. The CEO of Shell, Ben Van Beurden, has announced his next car will be electric - he's picking it up this month. Shell CFO, Jessica Uhl, already drives a BMW i3. These people see the writing on the wall - to quote Van Beurden: "The whole move to electrify the economy, electrify mobility in places like northwest Europe, in the US, even in China, is a good thing." - http://peakoil.com/consumption/oil-tycoon-promises-his-next-car-will-be-electric.
Shell have just won a 250MW solar contract for Queensland. http://reneweconomy.com.au/shell-wi...solar-plant-in-queensland-coal-country-92201/
That old adage, If you can't beat them, join them, seems to be the new attitude.
GXY Price at posting:
$2.04 Sentiment: Hold Disclosure: Held