As an undergraduate student, I did an internship in Shell. It was really remarkable because that was the first time I had a “table of food” for myself. In Shell Kolo Creek flow station, Yenagoa Bayelsa state, I had picked a table in the canteen, and everything there was for consumption. Bad thing happened: I thought a bottle of vinegar was like coke for drinking; blame the village boy! I learnt my lesson – just like salt, everything on the table was not for my personal stomach.
Today, Shell is also going through its own lesson. Yes, the energy powerhouse is beginning a new redesign as the world, under Biden, mounts ferocious attacks on crude oil, with an inevitable outcome that oil will be the new tobacco – dangerous, and should be eschewed by all means!
Yes, “Shell Energy Europe BV (Shell) has signed an agreement with Amazon to provide renewable power from a subsidy-free offshore wind farm being constructed off the coast of The Netherlands.” An executive from Shell added: “Supplying Amazon with electricity from this offshore wind farm contributes to their net-zero pledge while progressing our own ambition to be a net-zero emissions business by 2050 or sooner”. Simply, Shell is on a transition to a new future which I will call Shell 2.0.
It makes sense: electrons will power the cars of the future, not hydrocarbons. And as that happens, and with battery technology advances, most factories will go clean. Simply, the days of profitable crude oil are numbered. And that means you can produce, and sell it, but it will not command much value in the global market because there are alternatives.
Remember, do not drink a bottle of vinegar – it is not for drinking; do small pouring! And if you live in Nigeria, gauge your taste for oil.
The full statement below.
The Amazon-Shell HKN Offshore Wind Project will enable Amazon to power more of its business with clean energy. It will move the company closer to its pledge to become net-zero carbon across its business by 2040 and continue its path to power its operations with 100% renewable energy by 2025 – five years ahead of its 2030 target. Shell’s ambition is to be a net-zero emissions energy business by 2050 or sooner, in step with society.1
The wind farm will be operated by The CrossWind consortium, a joint venture between Shell and Eneco. Starting in 2024, Amazon will offtake 250 megawatts (MW) from Shell and 130 MW from Eneco, for a total of 380 MW.
“Supplying Amazon with electricity from this offshore wind farm contributes to their net-zero pledge while progressing our own ambition to be a net-zero emissions business by 2050 or sooner,” said Elisabeth Brinton, Executive Vice President of New Energies at Shell. “We are delighted to continue strengthening our strategic relationship with Amazon Web Services (AWS) across Shell New Energies. Our collaboration is enabling us to continue pushing the boundaries of innovation.”
Shell and Amazon have already achieved milestones together. In July 2020, Amazon’s air cargo network secured up to six million gallons of sustainable aviation fuel supplied by Shell Aviation.
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