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.
Bu hikaye The Straits Times dergisinin November 13, 2024 sayısından alınmıştır.
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Bu hikaye The Straits Times dergisinin November 13, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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