Shell to deepen emission cuts after court ruling
Shell looks set to dramatically shrink its oil and gas business, after its CEO Ben van Beurden said Wednesday that the company will look for ways to cut emissions and accelerate an energy transition.The comments come after a landmark ruling in a Dutch court last month. Shell plans to appeal the ruling that ordered it to reduce greenhouse gas emissions by 45% by 2030 from 2019 levels, which is significantly faster than its current plans.But van Beurden said the court ruling applies immediately and cannot be suspended before the appeal.Earlier this year, Shell set out one of the sector's mo...
Source: yahoo.com