If there’s any doubt about the extent to which societal and legal expectations regarding climate change are evolving, a Netherlands court’s ruling ordering Royal Dutch Shell Plc. to reduce the CO2 emissions of its 1,100 companies by 45 per cent as of 2030 from 2019 level should put the naysayers to rest.
“What you’ve got is a court interfering in the internal operations of a very big corporate target on the basis that the dangers of climate change outweigh the company’s commercial interests,” said Caroline Jageman, an energy and commercial lawyer at Jageman Law in Toronto.
In a New York minute.
