Shell Wins Appeal Against Landmark Climate Ruling, Dodging Major Emission Cut Mandate

Shell PLC (NYSE:SHEL) shares are trading lower on Tuesday. The company won an appeal against a landmark climate ruling at a Dutch court in the case brought against by Milieudefensie, other NGOs, and private individuals.

The court overturned the mandate requiring the company to significantly cut its emissions.

Notably, in 2021, The Hague’s District Court ruled that Shell must cut its reported global net carbon emissions across Scopes 1, 2, and 3 by 45% by 2030, relative to 2019 levels.

This required a “results-based” reduction for Scope 1 and a “significant best efforts” reduction for Scopes 2 and 3. Shell’s appeal did not pause this ruling.

Chief Executive Officer Wael Sawan said, “Our target to become a net-zero emissions energy business by ...