Sustainability and ESG News
Shell Undergoes Appeal Process for their Greenhouse Gas Emissions
The Dutch appeals court is currently hearing Shell's appeal against a landmark 2021 ruling that held the company responsible for greenhouse gas emissions from its products and mandated a significant reduction by the end of the decade. Originating from environmental groups, the case argues Shell breached its legal duty of care and undermined the Paris Agreement's goals. Shell contends that complying with the ruling could harm the Dutch economy and sets an unrealistic emissions reduction target, while disclaiming responsibility for customers' emissions. Friends of the Earth Netherlands remains confident, citing Shell's revised climate ambitions, as the proceedings aim to resolve a crucial legal battle over corporate accountability for climate change.
EU Approves Noteworthy GHG Legislation
The European Council approved legislation to slash greenhouse gases, aiming for a 500 million-tonne CO2-equivalent emissions reduction by 2050. Heralded as the world's most ambitious, the rules target a complete phase-out of hydrofluorocarbons (HFCs) by 2050 and a 95% reduction by 2030, restricting the use of F-gases in favor of climate-friendly alternatives.
2023 was the Hottest Year on Record
2023 set record-breaking temperatures as the hottest year in history. This broke records as 2022 was one of the hottest years in history. This poses severe worry as we advance further in the climate crisis.