Shell CEO Ben van Beurden said Thursday the company was “not spending enough” on its new energies business, particularly in electricity. Speaking to journalists following the release of Q4 earnings, van Beurden said he “desperately” wanted to grow the business more quickly, but it would remain disciplined in its spending. Shell created its new energies division — which brings together assets in electricity supply and generation, electric vehicle charging, and other new fuels such as hydrogen and biofuels — in 2016. So far, Shell has invested $2.3 billion in the business, excluding operating costs, despite having pledged in the past to spend more than double that amount. “We are not spending enough […]