Monday thoughts: Climate change burns ‘big oil’ – Stuff.co.nz
OPINION: Despite coal and oil being essential for our modern world to function, events of the last week mark a turning point.
Courts and shareholders dealt old world energy investments a series of breath-taking blows.
Royal Dutch Shell had set a pathway for greenhouse gas reductions to net-zero by 2050.
But a Dutch court ruled its targets dont go far enough, deciding Shells world-wide operations must cut emissions by 45 per cent within ten years, and by 72 per cent within twenty years.
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