A historic ruling has shaken the energy market this week after a Dutch court ordered oil major Shell to reduce its carbon emissions by 45 per cent by 2030 compared with 2019 levels.

The decision was delivered in connection with a climate change case filed against Shell in 2019 by Dutch environmental organization Friends of the Earth Netherlands (Milieudefensie), other NGOs, and a group of private individuals.

Even though Shell plans to appeal the ruling, NGOs see it as a turning point in history that could have major consequences on big polluters. Specifically, the ‘landmark victory’ is likely to result in a wave of litigation of other fossil energy companies pushing them to abandon extraction and burning of fossil fuels and accelerate their energy transition plans.

Premium content

You are currently not logged into your account. Register and get a two week trial.


Premium content

Would you like to read on?
Do not miss out on any premium content and get your subscription now!

Premium content

Your current account does not have access to this premium item. Please upgrade your membership to access this content.

Go to the shop

This post appeared first on Offshore Energy.

Comments are closed.