Oil giant Royal Dutch Shell has been ordered to cut down its carbon emissions by 45% by 2030 from the levels reported in 2019, according to CNBC.
- The ruling came from a Dutch court, and is more than double the 20% reduction targeted by Shell by 2030.
- Activists in 2019 took to court to call out Shell’s business model which they claimed “endangered human rights and lives” by risking the achievement of the Paris Agreement goals.
- The Paris Agreement was adopted in 2015 and signed by 195 countries that agreed to prevent the global temperature from rising by over 1.5 degrees Celsius.
- A Shell spokesperson said the firm will appeal the “disappointing” court decision as it is investing billions in green energy.
- “We want to grow demand for these products and scale up ow new energy businesses even more quickly,” the spokesperson said.
- Majority of Shell shareholders voted in favor of the company’s energy transition plans during the annual meeting held last week.
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