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Climate lawsuits by environmental organizations against companies such as Shell, ING, KLM, and Ahold are very damaging to the Dutch economy, said Frans Everts, CEO of Shell Netherlands, on the TV program WNL Op Zondag.
Environmental organizations that want to use the courts to force individual energy companies to adjust their sustainability policies are damaging the business climate in the Netherlands, said Shell Netherlands CEO Frans Everts. The executive told the Telegraaf that such legal maneuvers will not be successful if the outcomes only apply to one business.
Netherlands to close the floodgates of the Groningen oil field from October 1st. This is despite the tensions caused by the war in Ukraine on the European energy market. The field is exploited by giants Shell and Exxon Mobil, which have an equal stake in NAM, the company responsible for extracting Groningen gas since the early 1960s. It has remained in operation longer than expected, in particular because of the War in Ukraine, which has caused strong tensions in the energy markets.
The Netherlands said it would end production at Europe's largest gas field after years of earthquakes, despite global energy worries sparked by Russia's war in Ukraine.
The Netherlands said Friday it would end production at Europe's largest gas field on October 1 after years of earthquakes, despite global energy worries sparked by Russia's war in Ukraine.Although gas extraction from the field has been almost cut to zero over the last few years, the Dutch government kept the site operational due to the global energy uncertainties prompted largely by Russia's invasion of Ukraine in February 2022.