Read more about Shell to accelerate emissions cuts after Dutch court ruling, says CEO on Business Standard. The oil and gas giant still expects to appeal the verdict and believes it has been unjustly singled out, Chief Executive Ben van Beurden said in a statement posted on LinkedIn.
The oil and gas giant still expects to appeal the verdict and believes it has been unjustly singled out, CEO Ben van Beurden said in a statement posted on LinkedIn. However, the company also feels “determination to rise to the challenge” posed by the ruling, he said.
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Exxon Climate Case Sent Back To Connecticut State Court
Law360 (June 3, 2021, 4:42 PM EDT) A Connecticut federal judge has sent back to state court a suit filed by the state alleging ExxonMobil Corp. hid the real costs and effects of fossil fuels, saying the complaint does not implicate federal law that would require a federal court to hear the case.
In an order filed Wednesday, U.S. District Judge Janet C. Hall said she was bound by the U.S. Supreme Court s well-pleaded complaint rule, which holds that the plaintiff is the master of the claim, so the court can t reinterpret allegations that Exxon violated the Connecticut Unfair Trade Practices Act to fall under federal common law.
Amazon rejects plastics plan as groups urge reduced virgin plastic use
Amazon shareholders defeated a proposal by environmant-focused activists related to plastics packaging.
Amazon shareholders have rejected an attempt by environment-focused investors to force it to detail the impact of its plastic packaging.
The vote may mark only a brief pause in an ongoing campaign by the activists to get 10 major public companies to dial back their use of virgin plastic.
Seattle-based Amazon disclosed late in the day May 28 that about 64.5 percent of its shareholders voted against the resolution, which was a fairly modest request asking the firm to report how much plastic gets into the environment from its massive e-commerce operations.