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Gas and power
Shell explores for and produces natural gas, and then processes it and transports it to market. We also develop wind power and invest in solar power technology.
Conventional fossil fuels will continue to be the primary source of energy for many years to come. But we are going to have to be more thoughtful about how we extract them and about how we use them. For example, we are exploring ways of capturing and storing carbon dioxide while we extract fossil fuels.
Demand for natural gas is not just driven by electricity generation. It is also impacted on by the world’s increasing demand for more and cleaner liquid transport fuels.
In addition to using conventional fossil fuels more wisely, we also are working hard to develop other low-carbon-dioxide sources of energy. In the first half of this decade, Shell invested more than $1 billion in alternative energy sources, including gas to liquids, hydrogen and biofuels.
We are also investing significantly in wind energy by focusing on developing and operating commercial-scale wind farm developments that can add significant power and capacity to electricity grids. Investigating and developing technologies designed to capture and use the plentiful, carbon-free rays of the sun are also on our agenda.
Debate continues within the international community on the subject of climate change and particularly on the contribution that burning fossil fuels is making to global warming. But behind the national disagreements, there exists a substantial body of support for reducing the amount of carbon dioxide we release into the atmosphere.
We feel that there is a pressing case for positioning your business so that you can respond quickly and effectively as emissions policies develop in individual countries and regions. Emissions management is no longer simply a reputational issue. It is set to become a key element of business planning and to have a strong influence on business financial performance.