Oil giant Shell wins appeal against climate activists in landmark carbon-emissions case
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Shell has won an appeal in a Dutch court, overturning a previous ruling that required the company to cut carbon emissions by 45% by 2030. This decision is a setback for climate activist groups.
November 12, 2024 | 7:00 pm
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Shell's successful appeal in a Dutch court removes the immediate legal obligation to cut carbon emissions by 45% by 2030, which may reduce regulatory pressure and associated costs.
The court's decision to overturn the previous ruling reduces the immediate legal and financial pressures on Shell to drastically cut emissions. This could positively impact Shell's stock price in the short term as it alleviates potential regulatory costs and operational changes.
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