Amidst rising climate concerns and the current energy crisis, European oil companies are trying to pivot from fossil fuels to renewable power — and spending a huge amount while doing so. Most recently, British/Shell agreed to buy Europe’s biggest biogas producer, Denmark-based Nature Energy, for €1.9 billion. As part of the deal, the oil giant will acquire Nature Energy’s 14 industrial plants and an international development pipeline of about 30 plants across Europe and North America. This comes one month after rival BP announced its $4.1-billion plan to buy Archaea Energy, a US-listed biogas producer. What is biogas? Biogas —…
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