Shell Must Ramp Up Spending To Tap Its Potential Or Risk Running On Fumes
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Oil majors such as Shell (RDS.A, RDS.B) have been experiencing mounting pressure from groups advocating climate change. Shell did not remain unmoved by the arguments put forward. The company decided to embrace what increasingly appears to be the inevitable and presented a strategy to transform the company. To unlock the potential of new technologies capex spending must be increased and therefore it may be expected shareholder returns will…
