Wael Sawan, Shell CEO, joins 'Money Movers' to discuss Sawan's expectations for policy changes under the Trump administration, if the U.S. will apply more sanctions on Iran, and much more.
Oil supply will exceed demand by more than one million barrels a day next year, according to the latest forecast by the International Energy Agency. That amounts to a glut of around 1% of global output even with recent capacity reductions by major oil producers.
The historic 2021 ruling against SHEL was dismissed by the Dutch Court, reversing its climate obligations to cut carbon emissions.
The cabinet chief to Argentine President Javier Milei cited oil major Shell as a potential investor in a future liquefied natural gas (LNG) project to be run by the country's state oil firm YPF , according to newspaper La Nacion.
A court in the Netherlands has overturned a 2021 ruling ordering Shell to cut carbon emissions by 45% by 2030, dealing a blow to climate activist groups.
Shell and Equinor on Tuesday urged a Scottish court to uphold Britain's approval for the development of two vast North Sea oil and gas fields, as environmental campaigners attempted to block the projects.
A Dutch appeals court on Tuesday ruled in favor of oil giant Shell and overturned a landmark 2021 ruling by a lower court, which had ordered the company to sharply reduce its carbon emissions by the end of this decade, a major blow to activists pursuing legal measures to force companies to act on climate change.
Shell PLC (LSE:SHEL, NYSE:SHEL) has hailed its victory in overturning a landmark ruling requiring the oil giant to slash emissions. The Court of Appeal in the Netherlands on Tuesday overturned a 2021 district court decision which had ordered Shell to cut carbon emissions by 45% come 2030, including those produced through use of its fuel, known as scope three.
A Dutch appeals court on Tuesday dismissed a landmark 2021 ruling, ordering oil and gas giant Shell to accelerate carbon reduction efforts that was seen as a turning point in climate litigation.
Shell PLC (LSE:SHEL, NYSE:SHEL) is facing a big day in court as two highly contested legal cases in the UK and Netherlands come to a head. In Scotland, a legal challenge to the oil giant's proposed Jackdaw North Sea gas development gets underway.
A Dutch court on Tuesday ruled to dismiss a landmark climate ruling against Shell, which in 2021 had ordered the oil giant to drastically reduce its global carbon emissions. The outcome, which comes during the opening days of the COP29 climate summit in Azerbaijan, marks the latest twist in a long-running and precedent-setting case.
Shell has won its appeal against a climate court ruling that it must sharply reduce its carbon emissions.