Shell to speed up the energy transition plan following a ruling by a Dutch court
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Royal Dutch Shell wants to speed up its plan to reduce greenhouse gas emissions after a court order in the Netherlands says the main oil will “face the challenge”.
Last month, the Hague District Court ruled that Shell should reduce its net carbon emissions by 45 percent by 2030 compared to 2019 levels. The order affects the company’s global business.
Ben van Beurden, chief executive, said in a message on LinkedIn on Wednesday that the court’s decision “applies immediately and should not be suspended until an appeal is filed,” which would speed up the company’s energy transition plan.
“For Shell, this ruling does not imply a change, but rather an acceleration of our strategy,” he said. “We will look for ways to further reduce emissions.”
Van Beurden added: “It is likely to take bold but measured steps in the coming years.”
Judge Larisa Alwin said last month that the resolution of the environmental campaign brought by Milieudefensie would have “profound consequences” for the Anglo-Dutch company, but how she chose to execute the order that was in Shell’s hands.
Alwin said Shellen’s climate strategy was already not accurate enough and added that the company had a human rights obligation to take further action.
Shell has this year introduced plans to reduce the carbon intensity of fossil fuels it produces and sells by 6% by 2023, 20% by 2030 and 45% by 2035 compared to 2016 levels.
The goals were part of the plan to turn zero emissions into a clean business by 2050. The intensity of the carbon is the measurement of the carbon sold per megajoule, rather than the absolute measure of the carbon emitted, which is the pressure that campaigns have long exerted.
Van Beurden said he is “disappointed” that Shell is “separating” because he believes he has done little to reduce carbon dioxide emissions.
Shell long ago maintained that attacking energy producers without a simultaneous push to change their consumption habits would be a futile effort to tackle climate change.
“Imagine Shell has decided to stop selling gasoline and diesel today,” Van Beurden said. “That would certainly reduce Shell’s carbon emissions. But it wouldn’t help the world a little bit. Fuel demand wouldn’t change.”
The company has strengthened its commitment to continue producing fossil fuels, which generates big oil money, saying, “We hope to continue to provide energy in the future as oil and gas products, both to meet customer demand.” , and to keep the company financially strong “.
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