Shell Wins Appeal Against Landmark Climate Ruling, Dodging Major Emission Cut Mandate
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 12 2024
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Source: Benzinga
Shell's Climate Ruling Appeal: Shell PLC shares fell after winning an appeal against a Dutch court ruling that mandated significant emissions cuts, which had previously required a 45% reduction by 2030 relative to 2019 levels.
Investment in Low-Carbon Solutions: Despite the ruling, Shell reaffirmed its commitment to becoming a net-zero emissions energy business by 2050 and plans to invest $10 billion-$15 billion in low-carbon energy solutions from 2023 to 2025, having already invested $5.6 billion in 2023.
Analyst Views on NRES
Wall Street analysts forecast NRES stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NRES is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 32.279
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Current: 32.279
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
