Articles by Shadia Nasralla

Shell Sues Greenpeace for $2.1 Million After Activists Boarded Oil Production Vessel

Shell is suing Greenpeace for $2.1 million in damages after the environmental group’s activists boarded the company’s oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters. The British oil and gas …

Britain Awards 20 Offshore Carbon Storage Licenses

Twelve companies were awarded a total of 20 licenses to develop carbon dioxide (CO2) storage offshore, in Britain’s first licensing round for such projects, the North Sea Transition Authority (NSTA) said on Thursday. Britain aims to use carbon capture and …

Group Vows to Hold Shell Directors Personally Liable for Alleged Climate Plan Failure

LONDON — Environmental lawyers ClientEarth said on Tuesday they were preparing legal action against the directors of Shell over the company’s climate transition plan, in what they said would be the first such case of its kind. The ClientEarth lawyers …

UK High Court Throws Out Case Brought by Climate Activists Against Oil Regulator

A UK High Court on Tuesday threw out a case brought by climate activists against the country’s oil and gas regulator OGA, rejecting their argument that the OGA’s actions amount to a type of unlawful subsidy of the fossil fuel …

UN Proposes Net Zero Verification Standard for Corporate Climate Claims

A U.N.-backed body launched a scheme to verify corporates’ net zero strategies on Thursday that is likely to become a standard for regulators and investors to measure companies’ climate ambitions. With rising investor and societal pressure on companies to reduce …

Big Oil May Face More Climate Lawsuits After Shell Ruling, Say Lawyers, Activists

LONDON – A Dutch court’s decision to force Royal Dutch Shell to make deeper, faster cuts to its climate warming emissions on the basis of human rights could set a precedent, especially in European countries, according to lawyers and activists. …

Shell Loses Landmark Climate Case in Ruling with Global Implications for Big Oil

THE HAGUE/LONDON – A Dutch court ordered Royal Dutch Shell to drastically deepen planned greenhouse gas emission cuts on Wednesday, in a landmark ruling that could trigger legal action against energy companies around the world. Shell said it was “disappointed” …

Insurance Cutback Among Reasons Europeans Withdrawing from Iranian Oil Market

European refiners are winding down oil purchases from Iran, closing the door on a fifth of the OPEC member’s crude exports after the United States imposed sanctions on Tehran, company and trading sources said. The drop in crude purchases from …