Shell on Thursday published a report entitled “Energy Transition,” showing how the company expects to adapt during the transition to low carbon energy systems. The company says it wants electricity “including from renewable sources …to become the fourth pillar of our business, alongside oil, gas and chemicals.” The company says it wants to be involved in all elements of the electricity supply chain from generation and trading to the supply of electricity to end-users. Shell already manages 10 GW of power across North America and last year acquired First Utility, a provider of electricity to 825,000 households in the UK. Electric transportation is an integral part of the strategy. In this sector, Shell last year bought Dutch recharging network company New Motion, and is introducing charging points at its gasoline station forecourts in the UK. The company says it expects to invest $1 billion-$2 billion a year on average […]