Royal Dutch Shell will accelerate its plan to reduce greenhouse gas emissions following an order from a court in the Netherlands, with the major oil company saying it will “respect the challenge”.
Last month, The Hague District Court ruled that Shell should reduce its net carbon emissions by 45% by 2030, compared to the 2019 level. The order affects the entire global activity of the company.
Ben van Beurden, executive director, said Wednesday in a post on LinkedIn that, as the court’s decision “applies immediately and should not be suspended pending an appeal,” the company would expedite its plan for the energy transition.
“For Shell, this decision does not mean a change, but rather an acceleration of our strategy,” he said. “We’re looking for ways to reduce emissions even more.”
Van Beurden added: “It probably means taking some bold but measured steps over the next few years.”
Judge Larisa Alwin said last month that the decision in the case brought by environmental activists, including Milieudefensie, would have “far-reaching consequences” for Anglo-Dutch society, but it is up to Shell how it chose to execute it. ‘order.
Alwin had said Shell’s existing climate strategy was not concrete enough and added that the company had a human rights obligation to take further action.
Shell has unveiled plans this year to reduce the carbon intensity of fossil fuels it produces and sells by 6 percent in 2023, 20 percent in 2030 and 45 percent in 2035. , compared to 2016 levels.
The goals were part of its ambition to become a zero-emission net company by 2050. Carbon intensity is a measure of carbon per megajole of energy sold, rather than an absolute measure of the carbon emitted, which is what farmers have long pressured to put pressure on.
Van Beurden said he was “sorry” that Shell had been “destined” by a ruling that he believes has done little to reduce global carbon dioxide emissions.
Shell has long argued that attacking energy producers without a simultaneous push to change consumption habits would be an unsuccessful effort in the test to tackle climate change.
“Imagine Shell decided to stop selling gasoline and diesel today,” Van Beurden said. “This will certainly reduce Shell’s carbon emissions. But it wouldn’t help the world a little bit. Fuel demand won’t change.”
He reinforced the company’s commitment to continue production of fossil fuels, which generates most of the big oil company’s money, saying, “For a long time, we expect to continue to supply energy in the form of petroleum products and of gas both to meet customer demand, and to maintain a financially strong company ”.