Shell was ordered by a Dutch court to slash its emissions harder and faster than plannedThe ruling will be scrutinized globally amid a new era of litigation related to climate change. That’s not enough, a court in The Hague ruled Wednesday, ordering the oil producer to slash emissions 45% by 2030 compared to 2019 levels. Chevron Corp. investors, meanwhile, voted in favor of a proposal to reduce emissions from the company’s customers. The German government fell foul of a judge over its climate targets when its top court ruled that Chancellor Angela Merkel’s climate-protection efforts were falling short in April. While divestments reduce Shell’s own emissions profile, those pollutants are still pumped into the atmosphere and can sometimes even increase.

Source: News 24 May 27, 2021 05:03 UTC