'Deeply concerned' | Shell employees pen open letter to CEO amid green funding concerns

Shell employees have written to the firm’s CEO, urging him not to scale back investments in renewable energy, sparking an internal debate.

Reuters reports that the open letter, posted earlier this month on Shell's internal web and seen by Reuters this week, comes after chief executive Wael Sawan outlined at an investor day in June plans to slow investment in renewables and low-carbon business as part of a strategy to boost returns.

"The recent announcements at and after the capital markets day deeply concern us”, the letter read, adding: “We can only hope the optics of the CMD announcements are deceiving us and that Shell continues its path as a leader in the energy transition."

The letter was signed by Lisette de Heiden and Wouter Drinkwaard, who both work in Shell's low-carbon division.