Fortune Magazine calls the Dutch court ruling overturning the injunction that would have forced Shell to reduce its emissions to 45% of 2019 levels within 6 years a "Pyrrhic victory" for Shell:
-the Court of appeal recognizes that protection from climate change is a human right
-the decision did not rule out enforcement of "more specific" emission reduction strategies in the future, such as forcing them to stop new investments in oil and gas fields
-"Third, the case has already spurred the creation of regulatory obligations to reduce emissions."
#ClimateChange #ClimateCrisis #JustTransition #EUpol
https://fortune.com/2024/11/15/shell-pyrrhic-victory-sets-stage-for-more-corporate-climate-accountability-energy-environment-law/
-the Court of appeal recognizes that protection from climate change is a human right
-the decision did not rule out enforcement of "more specific" emission reduction strategies in the future, such as forcing them to stop new investments in oil and gas fields
-"Third, the case has already spurred the creation of regulatory obligations to reduce emissions."
#ClimateChange #ClimateCrisis #JustTransition #EUpol
https://fortune.com/2024/11/15/shell-pyrrhic-victory-sets-stage-for-more-corporate-climate-accountability-energy-environment-law/
Shell’s Pyrrhic victory may well set the stage for more corporate climate accountability
The Court of Appeal found that it could not order Shell to reduce its emissions by 45% by 2030.Thom Wetzer (Fortune)