Shell Quits Brazil Wind and Solar Projects

Shell has decided to scrap wind and solar power generation projects it had planned to build in Brazil, citing the unfavorable investment environment, per a Reuters report. “We are always exploring ways to create value from our power generation portfolio, including exiting activities that do not fit into our strategy or do not generate sufficient returns,” the supermajor said in a statement, days after declaring a pivot away from alternative energy and a return to oil and gas as priority business areas.

Reuters noted in its report that…