05.15.2024
Soybean oil stocks fall with slowing April crush
The soybean crush totaled 166.034 million bushels, down by 15% from a record of 196.406 million bushels in March and down by 4% from 173.232 million bushels crushed in...
Shell Ordered to Cut CO2 Emissions 45%
Royal Dutch Shell was ordered by a Dutch court on Wednesday to reduce its carbon emissions 45 percent from 2019 levels by 2030 in a landmark case brought by climate activism groups. The Hague District Court declared Shell is obligated to reduce emissions in line with national climate change standards and that its current efforts were not good enough. The decision is expected to have far reaching consequences for oil companies
The Hague court did not detail how Shell should increase their climate change efforts, leaving the energy giant’s parent company freedom in choosing how to meet the reduction obligation. The ruling is unique in that the judge has basically ordered Shell to fall in line with the Paris Climate agreement. Shell indicated it would appeal the ruling.
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