SHELL URGED TO DROP APPEAL AGAINST ORDER TO SLASH EMISSIONS

May 20th, 2022
by John Donovan.

FT

Odey urges Shell to drop appeal against order to slash emissions

Tom Wilson in London
Odey Asset Management has called on Shell to drop its appeal against a landmark Dutch court ruling targeting its climate strategy and instead to fund an independent body to audit the emissions of every oil and gas company. Fund manager Henry Steel, who wrote the letter, told the Financial Times that Shell was “sending the wrong signals” by appealing against last year’s Dutch ruling ordering the oil major to cut its emissions by 45 per cent by 2030.
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