Shell wins landmark climate case against green groups in Dutch appeal

Published On Nov 12, 2024, 3:27 AM

Shell has won a significant legal victory in the Netherlands, overturning a court ruling that required the company to cut its carbon emissions by 45%. The court stated it could not establish a specific obligation for Shell to meet such a target but agreed that the company has a general responsibility to limit emissions. This decision comes amidst global climate discussions. Shell plans to reduce carbon intensity by 15-20% by 2030 and aims for net zero emissions by 2050. The ruling may impact future corporate accountability regarding climate change regulations.

Read full article

Stock Forecasts

SHELView SHEL chart on TradingView

Positive

Shell's legal victory may bolster investor confidence in the company's ability to navigate regulatory pressures while pursuing its long-term sustainability goals. As Shell has outlined plans for emissions reduction and a transition to net-zero operations, the ruling could be viewed as a positive signal for its operational freedom moving forward.

Related News

Hurricane Milton hampers gasoline supply chain

Oct 10, 2024, 6:00 AM

Hurricane Milton's landfall in Florida has disrupted gas supplies after many residents stocked up on gas and diesel for their evacuation ride out of the area and to power generators.

XOM
CVX
COP
SHEL