The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Climate Groups Take On Shell In Landmark Dutch Case

Tue, 01st Dec 2020 06:36

(Alliance News) - Environmental groups will face off against Royal Dutch Shell PLC at a Dutch court Tuesday in a landmark bid to force the oil giant to meet emissions targets in the Paris climate accord.

The case being heard in the Hague was launched in 2019 by the Netherlands branch of Friends of the Earth, backed by 17,300 Dutch citizens who have registered as co-complainants.

Six other activist groups including the Dutch branches of Greenpeace and Action Aid are backing the lawsuit against the Anglo-Dutch multinational, whose failure to act "endangers the future of our children", they said.

The 2015 Paris accords committed all nations to cut carbon emissions to limit warming to two degrees Celsius above pre-industrial levels and encouraged them to go down to 1.5 degrees.

Friends of the Earth said it was impossible to meet these goals without action from the world's "biggest polluters" such as Shell, which it said emits twice as much carbon dioxide as the entire Netherlands.

"This is a historic moment because we are backed by so many people," Friends of the Earth Netherlands director Donald Pols said in a statement.

"This is actually 'the People versus Shell', a company that has got away with greenwashing for too long."

Starting Tuesday there will be four days of hearings at a district court in The Hague during December before the case is adjourned. Campaigners don't expect a verdict until next summer.

Shell said the claims in the case were "inappropriate and legally without foundation".

The oil giant has said it will reduce the "net carbon footprint" of the products it sells by 30% by 2035, and reach 65% by 2050.

"What will accelerate the energy transition is effective policy, investment in technology and changing customer behaviour. None of which will be achieved with this court action," a Shell spokesman said in a statement to AFP.

However campaigners want the court to order Shell to reduce emissions by 45% by 2030.

The climate groups would be "asking the judge to oblige Shell to reduce its CO2 emissions in accordance with the CO2 targets as agreed in the Paris climate accord", added Pols.

"This is a unique lawsuit with potentially significant consequences for the climate and the fossil fuel industry globally."

Dozens of climate marchers handed in the lawsuit to Shell's headquarters in the Netherlands in The Hague in April 2019 in what organisers said was the first case of its kind.

According to a report published in 2017 by the Carbon Disclosure Project, Shell was one of the 100 companies responsible for 71% of greenhouse gas emissions since 1988. 

Climate change is a pressing issue in the Netherlands, where at least a third of the country lies below sea level.

The Dutch government was ordered by a court last year to slash greenhouse gases by at least 25% by 2020, following a legal challenge by another environmental group.

source: AFP

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
2 Nov 2021 07:36

UPDATE 4-'Cash machine' BP boosts share buyback as profit surges

* Underlying profits reach $3.3 bln, beating forecasts* Strong trading performance boosts results* BP to acquire further $1.25 bln of shares by early 2022* Shares down 2% as company reports $2.5 bln loss to shareholders (Adds details, updates share...

Read more
2 Nov 2021 07:36

UPDATE 3-'Cash machine' BP boosts share buyback as profit surges

* Underlying profits reach $3.3 bln, beating forecasts* Strong trading performance boosts results* BP to acquire further $1.25 bln of shares by early 2022* Shares down 2% as company reports $2.5 bln loss to shareholders (Updates throughout, adds sh...

Read more
1 Nov 2021 16:25

EXECUTIVE CHANGES: TP Group CEO out as Science Group tightens grip

EXECUTIVE CHANGES: TP Group CEO out as Science Group tightens grip

Read more
1 Nov 2021 09:38

LONDON BROKER RATINGS: Upgrades for Lloyds Banking and NatWest

LONDON BROKER RATINGS: Upgrades for Lloyds Banking and NatWest

Read more
29 Oct 2021 17:05

LONDON MARKET CLOSE: NatWest weighs on FTSE 100 at end of strong month

LONDON MARKET CLOSE: NatWest weighs on FTSE 100 at end of strong month

Read more
29 Oct 2021 14:49

Big oil says up to governments at climate talks to rein in demand

LONDON, Oct 29 (Reuters) - Leaders of Europe's biggest oil and gas companies said political leaders attending U.N. climate talks that start this week must make carbon markets more effective and that only governments can effectively curb fossil fu...

Read more
28 Oct 2021 21:00

Shell to begin Norco, Louisiana, crude, gasoline, diesel unit restarts this weekend -sources

HOUSTON, Oct 28 (Reuters) - Royal Dutch Shell Plc’s storm-idled 230,611 barrel-per-day (bpd) Norco, Louisiana, plans to begin restarting the crude distillation unit (CDU), gasoline- and diesel-producing units as early as this weekend, sources fam...

Read more
28 Oct 2021 17:05

LONDON MARKET CLOSE: Weak Shell results hit FTSE; Apple earnings ahead

LONDON MARKET CLOSE: Weak Shell results hit FTSE; Apple earnings ahead

Read more
28 Oct 2021 16:58

Abdrn investment manager says would 'probably' be against Shell break-up

LONDON, Oct 28 (Reuters) - Abdrn investment manager Iain Pyle said on Thursday he would 'probably' be against a call by hedge fund Third Point to break up Royal Dutch Shell.Pyle, whose company is a top-10 investor in Shell according to Refinitiv d...

Read more
28 Oct 2021 15:59

UPDATE 4-U.S. House Democrats grill Big Oil in climate deception probe

(Recasts with testimony by oil executives)By Valerie Volcovici and Timothy GardnerWASHINGTON, Oct 28 (Reuters) - Executives from some of the world's biggest oil companies denied in U.S. congressional testimony on Thursday that they continue to misi...

Read more
28 Oct 2021 15:59

UPDATE 1-U.S. Congress puts Big Oil in the hot seat in climate deception probe

(New throughout, updates with opening of hearing, Representative Maloney comments)By Valerie Volcovici and Timothy GardnerWASHINGTON, Oct 28 (Reuters) - The U.S. Congress on Thursday opened a year's worth of investigations into whether Big Oil dec...

Read more
28 Oct 2021 15:59

UPDATE 5-U.S. House Democrats grill Big Oil in climate deception probe

(Adds quote from Representative Alexandria Ocasio-Cortez)By Valerie Volcovici and Timothy GardnerWASHINGTON, Oct 28 (Reuters) - Executives from some of the world's biggest oil companies denied in U.S. congressional testimony on Thursday that they c...

Read more
28 Oct 2021 15:59

UPDATE 3-U.S. Congress Democrats grill Big Oil in climate deception probe

(Adds analysis by committee on scant oil company lobbying for Paris Agreement, details from Republican witness)By Valerie Volcovici and Timothy GardnerWASHINGTON, Oct 28 (Reuters) - The U.S. Congress on Thursday opened a year's worth of investigati...

Read more
28 Oct 2021 15:59

UPDATE 2-U.S. Congress puts Big Oil in the hot seat in climate deception probe

(Adds comment from Republican Representative Comer)By Valerie Volcovici and Timothy GardnerWASHINGTON, Oct 28 (Reuters) - The U.S. Congress on Thursday opened a year's worth of investigations into whether Big Oil deceived Americans about its role i...

Read more
28 Oct 2021 12:24

LONDON MARKET MIDDAY: Stocks edge lower as ECB rate decision looms

LONDON MARKET MIDDAY: Stocks edge lower as ECB rate decision looms

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.