Business Recorder
AMSTERDAM: A Dutch climate activist group launched a new court case against Shell on Tuesday in the Netherlands, demanding that the British energy major immediately end its investments in new oil and gas projects. Like a number of its peers seeking to capitalise on soaring profits from oil and gas sales following the outbreak of the Ukraine war, Shell has scaled back its renewable energy operations and weakened emissions targets. It told investors last year it was targeting a 4 percent to 5 percent annual increase in liquefied natural gas sales over the next five years and planned to sustain “material” oil output beyond 2030. “Shell must stop bringing new oil and gas fields into production. This is necessary to protect us from Shell’s climate-disrupting activities,” Friends of the Earth Netherlands said in the summons it filed against Shell. Shell in a response said the case was “unreasonable, unrealistic and fundamentally misplaced”.
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