What a Dutch court ruling means for Shell and Big Oil?
1. What was the Shell verdict? A Dutch court ruled on May 26 that Shell should slash its greenhouse gas emissions 45\% by 2030 compared with 2019 levels, forcing the company to make some hard choices. The oil giant expects to appeal.
What is Shell ruling?
The court ruled that Shell must reduce the CO2 emissions of Shell group operations and energy-carrying products sold by 45\% (net) by the end of 2030 compared to its emissions in 2019.
Is Shell environmentally friendly?
In February 2018, Shell bought energy provider First Utility, meaning it now provides gas and electricity directly to UK-households. It has re-branded the provider as ‘Shell Energy’ and switched it to 100\% renewables.
How is Shell bad for the environment?
In 2020, Shell disclosed emissions of 1,377 million tonnes of carbon dioxide equivalent. Its planned emissions from 2018 to 2030 are estimated to account for close to 1.6\% of the global 1.5°C carbon budget.
What is Shell doing for the environment?
Shell works with environmental and developmental organisations all over the world. This helps us to reduce our environmental and societal impact, to improve the quality of land and water around our operations and to benefit local communities.
What the Dutch court carbon emissions ruling means for Shell?
* WHAT WAS THE RULING? The district court ordered Shell to cut its absolute carbon emissions by 45\% by 2030 compared to 2019 levels. Shell currently aims to reduce the carbon intensity of products it sells by 20\% over the same period from a 2016 baseline.
What is Shell strategy?
Shell’s Energy Transition Strategy, published earlier this year, outlined the group’s plans to reach net-zero emissions by 2050. It aims to reduce net carbon emissions by between 6\% to 8\% by 2023 when compared to 2016 levels. The target jumps up to 20\% by 2030, 45\% by 2035, and 100\% by 2050.
How does Shell impact the environment?