Oil and gas major Shell on Tuesday won an appeal against a landmark ruling that required it to accelerate carbon reduction efforts, dealing a blow to campaigners who have turned to legal channels to pursue climate action.
The appeals court in The Hague said Shell had a responsibility to reduce greenhouse gas emissions to protect people from global warming. But it dismissed the 2021 ruling that ordered Shell to cut its absolute carbon emissions by 45 per cent by 2030 compared to 2019 levels, including those caused by the use of its products.
Since then, Russia's invasion of Ukraine in 2022 that led to a spike in oil and gas prices has sharpened governments' and shareholders' focus on costs and in many cases, weakened climate ambitions.
この記事は Business Standard の November 13, 2024 版に掲載されています。
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この記事は Business Standard の November 13, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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Markets dip amid selloff in Adani group stocks
Conglomerate's combined market capitalisation falls by 2.2 trillion
Nifty 50 may hit 27K by 2025-end: Goldman Sachs
Conglomerate's combined market capitalisation falls by ₹2.2 trillion
°GST on health insurance needs to be reduced,
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Talks with stakeholders for proposed scheme completed
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Quant MF's big Adani bet may have sense of deja vu
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US charges: Legal experts see no knee-jerk response from Sebi
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Premium Valuations may cap upsidesforlndian Hotels
Indian Hotels (IH) has an ambitious strategy of doubling its hotel portfolio and is aiming for a 14 per cent annual revenue growth. The goals are achievable, given financial discipline and agility.
Vedanta Resources defers dollar bond issue due to mkt volatility
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