Author: Syeda Mehbuba E Zannat

The 2021 lawsuit against Shell, the UK-based oil and gas giant, marked a turning point. Although Shell won the appeal, for now, it set a precedent, suggesting that businesses can be held accountable for their environmental impact. The court ruled that targeting a single company would be ineffective, as competitors would step in to take advantage of the opportunity. However, the verdict also said that Shell, like other companies, has an obligation to “limit its CO₂ emissions.” Under the leadership of CEO Wael Sawan, Shell is balancing financial returns with gradual environmental progress. For the third quarter, the company reported…