Royal Dutch Shell will not change but rather accelerate its strategy to reduce carbon dioxide (CO2) emissions by 2030 as ordered by the Hague district court in May and it plans to appeal the ruling, CEO Ben van Beurden said in a statement.
“For Shell, this ruling does not mean a change, but rather an acceleration of our strategy. We will seek ways to reduce emissions even further in a way that remains purposeful and profitable. That is likely to mean taking some bold but measured steps over the coming years,” Beurden said on Wednesday. “We are carefully reviewing the court’s judgment and the challenges it presents, and we expect to appeal.”
Beurden shared his surprise over the fact that the court in Hague singled out Shell and mandated the company to cut its worldwide emissions by 2030 even though the company adopted a strategy to become a net-zero business by 2050 in April.
Shell’s chief pointed out that society, government and customers should work together with the company to change the current energy system while such change should also involve the demand for carbon-based energy, not just its supply.
On May 26, the Hague district court ordered Royal Dutch Shell to cut its CO2 emissions by 45 percent by 2030 , which arose from the legal action taken by the environmental advocacy group Friends of the Earth International.