Shell's Investments in Clean Energy to Net Zero

Shell has several times more wind and solar in our portfolio than what is our equity ownership. Wind and solar is around four, but all the electric core charging investment is accounted as part of the retail business. All the bioenergy investment, biofuel investment is counted as part of a refining business. And all the hydrogen and carbon capture investment is accounted for by integrated gas. This is zero carbon and the current financial framework will bring it up to half in the middle of the decade. The headline number for wind and solar is only a component of the zero carbon investments.