Shell International Petroleum Company Limited and Microsoft Corporation (MSFT) have entered a new strategic alliance to create, develop, and deliver new solutions to assist customers, suppliers, and other businesses lower carbon emissions. The collaboration is expected to help Shell’s ambition to be a net-zero emissions energy business by 2050, or earlier and Shell’s supply of renewable energy will assist Microsoft with its renewable energy supply goals and mission to be carbon negative by 2050.
“Microsoft and Shell both have rich histories of innovation and bold ambitions to decarbonise,” stated Huibert Vigeveno, Downstream Director of Shell. We are proud of the work we have already done together. Our strategic alliance will enable us to push the boundaries of what can be achieved. We believe we can unlock tremendous progress for Shell, Microsoft, our customers and beyond.” – Huibert Vigeveno, Downstream Director of Shell.
Some ways in which the alliance is believed to benefit both the parties:
- Microsoft to receive its renewable energy from Shell, in fulfilling its commitment to having a 100% supply of renewable energy by 2025.
- Both Shell and Microsoft will work together on artificial intelligence (AI) and new digital tools, offering its suppliers and customers reasonable support in reducing their carbon footprints.
- The companies will use Microsoft’s Azure cloud computing system and Shell data to improve operational safety by including risk analysis, prediction, and prevention.
Redmond, Washington-based American multinational technology company Microsoft (MSFT) develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and related services. To learn more about Microsoft (MSFT) and to track their progress please visit the Vista Partners Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website:www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners and receive our FREE email updates throughout the week and view our exclusive content and research.