Page 36 - First Utility News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Shell wrestles with the tricky task of finding a greener future while generating shareholder returns.

Oil and gas giant sets sights on developing science-based climate targets, as hydrogen, nature based solutions, carbon capture, utility business, and electric vehicle infrastructure all earmarked for increased investment

This week, he will set out details of a long-term strategy that will determine whether the 113-year-old company will make it through the next decade of rapidly evolving energy markets – and whether investors, accustomed to gushing returns from oil and gas, will stick around to find out. “Shell were very good at being one of the first movers in targeting carbon reduction and limiting the environmental impact of the business,” says Iain Pyle, investment director, UK Equities, at Aberdeen Standard Investments. Shell boss Ben van Beurden Credit: Christophe Morin /GT “But what they are ye...

How long does it take to switch energy supplier? According to Ofgem, the average time to switch energy supplier was between 16 and 18 days in its switching data for September 2019. The regulator has also set an automatic £30 compensation payment for those customers whose switch takes more than 15 working days to complete. The Energy Switch Guarantee (the code of conduct created by the energy suppliers) sets out that energy providers must achieve a switch within 21 days. When can I switch energy supplier without penalty? The rules from Ofgem state that energy suppliers are not allowed to char...