5/27/2021

Shell loses precedent-setting climate change case in Dutch court

(Bloomberg) –Royal Dutch Shell Plc was ordered by a Dutch court to slash its emissions harder and faster than planned, dealing a blow to the oil giant that could have far reaching consequences for the rest of the global fossil fuel industry.

Shell has pledged to reduce its emissions of greenhouse gases by 20% by 2030, and to net-zero by 2050. That’s not enough, a court in The Hague ruled Wednesday afternoon, ordering the oil producer to slash emissions by 45% by 2030 compared to 2019 levels.

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