Just Friday, Shell announced that it purchased Sonnen, a German startup that makes residential battery systems that store energy generated from solar panels. This significant buyout put shell in competition with other companies like Samsung, LG, and Tesla. Shells "New Energy" strategy is about balancing rising energy consumption with the need to cut carbon emissions. Unfortunately, like other companies, Shell is going against increased pressure from activists, shareholders, and customers over its contribution to climate change. Friends of the Earth and Greenpeace have accused Shell of "deliberately obstructing" efforts to keep global warming well below 2 degrees Celsius, the main goal of the agreement. Despite all of this criticism, Shell is the first energy company to link executive pay and carbon emissions.
https://www.cnn.com/2019/02/15/tech/shell-sonnen-home-batteries/index.html
This article was published by Ivana Kottasova on February 15, 2019 and was updated at 1:19 PM ET. This implies that the information provided in this article is accurate. The article was aimed towards the people of the U.S and the world to provide information on Shell's goals of purchasing Sonnen. Before I read this article, my thoughts on the energy business were negative considering that it partly results in Global Warming. While I still believe that is true, I know that Shell is a successful company and does not intend to cause more global warming. Finally, this article is important because it shows that companies only care about income rather than catastrophic effects.
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