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Shell Australia Acquiring Select Carbon (Int'l. Report, M&A)
Shell Australia
Date: 2020-08-03
In the Land Down Under, Perth-headquartered Shell Australia is reporting it will acquire carbon emissions offsetting specialist Select Carbon. The move is Shell's first acquisition for its nature-focused business division which invests in forests, grasslands, wetlands and other natural ecosystems around the world. The acquisition will contribute to Shell's ambition to be a net-zero emissions energy business by 2050 or sooner.

Select Carbon partners with farmers and other landowners to develop carbon farming projects throughout Australia which aim to reduce emissions and capture CO2 while benefiting biodiversity and local communities. Carbon credits generated through Select Carbon's projects are offered through the Australian government's Emissions Reduction Fund and other markets, creating an additional revenue stream for farmers and landowners, according to the Shell release.

Select Carbon has to date developed and manages a portfolio of over 70 projects covering 9 million hectares across various ecosystems and agricultural uses in Australia, according to the Shell release. The acquisition of Select Carbon is subject to Australian regulatory approvals and expected to close before the year end. (Source: Shell Australia, S&P, 3 Aug., 2020) Contact: Shell Australia, +61 8 9338 6600, www.shell.com.au; Select Carbon, +61 414 334 170, www.selectcarbon.com

More Low-Carbon Energy News Carbon Farming,  Carbon Credit,  Shell Australia,  Select Carbon,  Carbon Credits,  


Shell Announces First Australian Solar Project (Int'l Report)
Shell Australia
Date: 2020-02-10
In the Land Down Under, Perth-headquartered Shell Australia is reporting its first solar farm to be constructed in Queensland.

The project, which will incorporate approximately 400,000 PV panels for an annual capacity of 120MW, is slated to come online in 2021 and will be connected to existing infrastructure. (Source: Shell Australia, PR, CSO. 7 Feb., 2020) Contact: Shell Australia. Shell Energy, Greg Joiner, VP Australia, +61 8 9338 6600, www.shell.com.au

More Low-Carbon Energy News Shell Australia ,  Solar,  Australia Solar,  

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