Wael Sawan

A Dutch appeals court on Tuesday overturned a landmark ruling that ordered energy company Shell to cut its carbon emissions by net 45% by 2030 compared to 2019 levels, while saying that "protection against dangerous climate change is a human right.”

The oil and gas giant's profits reached US$14 billion, angering climate advocates as the corporation continues to grow its fossil fuel business while pulling back on low-carbon alternatives.

Shell reported on Thursday that it earned nearly $5.1 billion in the second quarter, nearly half what the oil and natural gas giant pulled in during the first three months of the year as energy prices have plunged.

The head of global energy giant Shell says it would be “irresponsible” to cut oil and gas production at a time when the world economy is still dependent on fossil fuels.

Global energy giant Shell said on Thursday that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia's invasion of Ukraine.

Shell CEO Ben van Beurden is stepping down at the end of 2022 after nine years in charge, the energy giant said on Thursday, September 15, 2022, a change that comes as oil and natural gas companies are under pressure to shift away from fossil fuels even as they see soaring profits from energy price s driven up by Russia's war in Ukraine.