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Tue, April 21, 2026 at 6:42 AM EDT
Trade Shell on Coinbase Trading disclosure STORY: A Dutch climate activist group launched a new court case against Shell on Tuesday in the Netherlands.It’s demanding that the British energy major end its investments in new oil and gas projects.Shell and a number of its peers want to capitalise on soaring profits from oil and gas sales following the outbreak of the Ukraine war.It has scaled back its renewable energy operations and weakened emissions targets.It told investors last year it was targeting a 4% to 5% annual increase in liquefied natural gas sales over the next five years.And planned to sustain “material” oil output beyond 2030.The lawsuit was filed by Friends of the Earth Netherlands.Shell called the case “unreasonable” after Friends of the Earth announced plans to file the legal action last year.It said the activist group ignored the global economy’s need for fossil fuels.Shell did not immediately respond to a request for comment on Tuesday.The lawsuit builds on another case brought by the activists that has been making its way through the Dutch courts for several years.In that case, an appeals judge in 2024 ruled Shell had a responsibility to reduce emissions…and to protect people from global warming.