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LondonCNN — Shell is not obliged to dramatically reduce its planet-heating pollution by 2030, a Dutch appeals court ruled Tuesday, overturning a previous verdict that imposed steep carbon emissions reductions on the British oil and gas giant. Shell (SHEL) had appealed the previous ruling, handed down in 2021, which ordered the company to slash its CO2 emissions by 45% by 2030 from 2019 levels. That included emissions from its own operations and from the energy products it sells. While The Hague Court of Appeal ruled that Shell is obliged to limit its CO2 emissions — in order to protect the planet from dangerous climate change — it said there is insufficient agreement in climate science on a specific reduction percentage that an individual company such as Shell should adhere to. As such, it dismissed the previous ruling.
Friends of the Earth Netherlands, an environmental campaigning group that brought the case against Shell, expressed disappointment with the outcome.