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 with levels in 2019, including those caused by the use of its products.
Since then, Russia's invasion of Ukraine in 2022, which led to a spike in oil and gas prices, has sharpened governments' and shareholders' focus on costs and, in many cases, weakened climate ambitions.
The ruling coincides with the COP29 UN climate summit in Baku, Azerbaijan, where opening procedures were delayed on Nov 11 by a dispute over how prominent the future of fossil fuels should be on the agenda.
Denne historien er fra November 13, 2024-utgaven av The Straits Times.
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Denne historien er fra November 13, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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How to stay healthy at 70? Here's the PAP's recipe
Keeping to core values, while adapting to a changing electorate, has kept the PAP dominant. But the disconnect between the elite and the masses can be a challenge.
Shopee's turnaround and what it needs to do to stay ahead
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Asia likely to benefit from cheaper Mexican, Canadian oil if Trump imposes tariffs
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What Amazon invested in Singapore in 2023
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Revolut expands S'pore workforce, products as it caters to businesses
Fintech giant also setting sights on providing for corporate sector's cross-border needs
How the return-to-office trend is playing out globally
Many firms expect staff to be in the office at least 3 days a week, but workers want some flexibility
Leaked BYD e-mail signals China EV price war set to intensify
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S'pore stocks rise on optimism over rebound in real incomes
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Elderly wheelchair user who molested Down syndrome woman gets jail
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