Shell has successfully appealed a 2021 ruling requiring it to reduce emissions by 45% by 2030. A Dutch court decided on Tuesday that there isn’t enough scientific consensus to mandate a specific reduction percentage. This decision is a setback for climate groups aiming to hold companies accountable for emissions. Experts noted that the judgment affirmed Shell's duty to reduce emissions, while future legal questions on corporate responsibility in climate action remain open. Shell shares dropped less than 1% following the news.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Shell has successfully appealed the 2021 ruling requiring to reduce emissions by 45% by 2030.
00:09A Dutch court decided on Tuesday that there isn't enough scientific consensus to mandate
00:14a specific reduction percentage. This decision is a setback for climate groups aiming to hold
00:19companies accountable for emissions. Experts noted that the judgment affirmed Shell's duty
00:24to reduce emissions while future legal questions on corporate responsibility
00:29in climate action remain open. Shell shares dropped less than 1% following the news.