Dutch Court Ruling May Redefine Energy Sector

In the next 24 hours, a Dutch court will decide whether to throw out or uphold a landmark climate ruling against former Dutch British oil and gas major Shell. The ruling is expected mid-day Tuesday, in reaction to an appeal by Shell against a 2021 ruling by a Dutch court that ordered it to reduce greenhouse gas emissions sharply. In the 2021 ruling, Shell was ordered to cut its carbon emissions by 45% by 2030, in comparison to 2019 levels. At the same time, the 2021 court ruling included Scope 3 emissions, aka emissions produced by the use of Shell…