Shell Wins Appeal Against Earlier Court Ruling to Cut Emissions [Yahoo! Finance]
Enerflex Ltd Common Shares (EFXT)
Company Research
Source: Yahoo! Finance
The ruling issued in 2021 required SHEL to reduce its carbon emissions drastically by about 45% from the base 2019 levels by the end of 2030. The ruling came during the ongoing COP29 climate summit in Azerbaijan and could have a major effect on the future of climate litigations. The Dutch Court stated that although SHEL was required to reduce emissions, which the company is doing via its net-zero emission target, it could not determine the exact percentage of reduction, dismissing the case entirely. The original decision The Hague Court gave in 2021 was unprecedented as it held SHEL responsible for all the emissions, including those produced from the products they sell, known as Scope 3 emissions. The ruling required the company to comply with the Paris Climate Agreement and reduce CO2 emissions to follow the human right to protection against climate change. SHEL, on the other hand, argued that it was already working toward its net-zero emissions target and that it was unfair to
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News
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- Enerflex Ltd. (NYSE: EFXT) had its price target raised by analysts at Royal Bank of Canada from $9.00 to $12.00. They now have an "outperform" rating on the stock.MarketBeat
- Enerflex Ltd (EFXT) Q3 2024 Earnings Call Highlights: Strong Operational Performance and ... [Yahoo! Finance]Yahoo! Finance
EFXT
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form 6-K
- 11/14/24 - Form SC
- EFXT's page on the SEC website