THE HAGUE (dpa-AFX) - Royal Dutch Shell PLC (RDS-B, RDSB.L, RDSA.L, RDS-A) confirmed that it will appeal a ruling issued by the District Court in The Hague, in May 2021, that Shell must reduce its global net carbon emissions by 45% by 2030 compared to 2019 levels.
Shell said it agrees urgent action is needed and it will accelerate its transition to net zero emissions by 2050. But it will appeal because a court judgment, against a single company, is not effective. Climate change is a challenge that requires both urgent action and an approach that is global, collaborative and encourages coordination between all parties.
Copyright RTT News/dpa-AFX
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