Today it was determined that Shell is not obliged to dramatically reduce its greenhouse gas emissions. The decision is set to have a ripple effect on “high emitters” around the globe.
The appeals court in The Hague overturned its previous ruling that Shell must reduce greenhouse gas emissions. The court said it could not determine whether a “social standard of care” should be enforced on Shell to slow its emissions by 45% or any other amount, including emissions from the use of its products.
“We are pleased with the court’s decision, which we believe is the right one for the global energy transition, the Netherlands and our company,” said Shell plc Chief Executive Officer Wael Sawan. “Our target to become a net-zero emissions energy business by 2050 remains at the heart of Shell’s strategy and is transforming our business. This includes continuing our work to halve emissions from our operations by 20301. We are making good progress in our strategy to deliver more value with less emissions.”
Analyst Joshua Sherrard-Bewhay said the success of Shell’s appeal “signals to high emitters that they are safe for now from the jurisdiction of international frameworks,” he says this includes the Paris Agreement, which forces global emitters to drastically cut carbon pollution.
The fight to make major energy companies accountable has been ongoing for decades, and this latest ruling is seen as one that will cause immediate damage. “The court’s decision… is a setback in the fight against the climate crisis,” said Mark van Baal, from Follow This.
By CEO NA Editorial Staff
