Ferrari Partners with Shell for Long-Term Renewable Energy Deal

Shell has signed a long-term deal to supply Ferrari with renewable energy until 2034, covering nearly half of the luxury carmaker's energy needs in Italy. The deal is expected to result in a significant cut to Ferrari's carbon emissions as it targets a 90 per cent cut in absolute terms by 2030. This partnership marks a shift towards green energy for Ferrari, while Shell continues to pivot away from renewables and focus on oil and gas.