Dutch court rules oil giant Shell must cut carbon emissions by 45% by 2030 in landmark case
LONDON — A Dutch court on Wednesday ruled oil giant Royal Dutch Shell must reduce its carbon emissions by 45% by 2030 from 2019 levels.
That’s a much higher reduction than the company’s current aim of lowering its emissions by 20% by 2030.
The landmark ruling comes at a time when the world’s largest corporate emitters are under immense pressure to set short, medium and long-term emissions targets that are consistent with the Paris Agreement. The climate accord is widely recognized as critically important to avoid an irreversible climate crisis.
Shell’s current climate strategy states that the company is aiming to become a net-zero emissions business by 2050, with the company setting a target of cutting its CO2 emissions by 45% by 2035.
A spokesperson for Shell said the company “fully expect to appeal today’s disappointing court decision.”
“We are investing billions of dollars in low-carbon energy, including electric vehicle charging, hydrogen, renewables and biofuels,” the spokesperson said via email. “We want to grow demand for these products and scale up our new energy businesses even more quickly.”
Shares of Shell were trading 0.2% higher in London. The stock price is up almost 10% year-to-date, having tumbled nearly 40% in 2020.
‘A turning point in history’
The lawsuit was filed in April 2019 by seven activist groups — including Friends of the Earth and Greenpeace — on behalf of 17,200 Dutch citizens. Court summons claimed Shell‘s business model “is endangering human rights and lives” by posing a threat to the goals laid out in the Paris Agreement.
Under the Paris Agreement — a deal adopted in 2015 and signed by 195 countries — nations agreed to a framework to prevent global temperatures from rising by any more than 2 degrees Celsius, although the accord aims to prevent global temperature rises exceeding 1.5 degrees Celsius.
Roger Cox, a lawyer for environmental activists in the case, said in a statement that the ruling marked “a turning point in history” and could have major consequences for other big polluters.
Meanwhile, Sara Shaw, Friends of the Earth’s international program coordinator for climate justice and energy, said the organization hoped the verdict would “trigger a wave of climate litigation against big polluters to force them to stop extracting and burning fossil fuels.”
Mark van Baal, founder of Dutch group Follow This, told CNBC via email that the judge’s ruling shows “Big Oil can no longer dismiss the crucial role it has to play in the fight against climate change.”
At Shell’s annual general meeting last week, shareholders voted overwhelmingly in favor of the company’s energy transition plans — but, crucially, a growing minority rejected the strategy, insisting the oil giant needed to do much more in the fight against climate change.
Activist investor Follow This said at the time that the result was likely to mean Shell would have to revise its climate targets once again.
According to Reuters, the case is the first in which activists have taken a major energy firm to court to compel it to overhaul its climate strategy.
Aptera’s clever new community funding program prioritizes your SEV delivery the more you invest
One week after sharing details of its Launch Edition Solar EV, Aptera Motors has announced a community funding program called Accelerate Aptera, hoping to raise between $20 and $50 million. By investing a predetermined minimum, reservation holders have a better chance at receiving delivery of one of the 2,000 Launch Edition Apteras planned. Better still, the person who invests the most on the leaderboard (yes there’s a leaderboard) locks in delivery slot #1.
It’s been a newsworthy week for Aptera Motors and solar EV companies in general. With one fellow SEV startup toiling through a bankruptcy filing and another fighting for its life, our hope in a future of EVs powered by the Sun currently rests heavily on Aptera.
Last Friday, the company’s cofounders Steve Fambro and Chris Anthony held a live streamed webinar, where they walked the public through the specifications of Aptera’s unified, preconfigured Launch Edition solar EV.
The startup’s loyal community was up in arms about the lack of DC charging capability, but it took just three days for the cofounders to take to YouTube once again and quickly makes things right. ALL Aptera solar EVs will now come equipped with DC fast charging, including the Launch Edition. Phew.
While most of last week’s Aptera news was exciting, one discouraging aspect was the fact that deliveries of the Launch Editions remain at least a year away and that the startup needs another $50 million in funding to reach its first gate of scaled production.
Well, the guys at Aptera are back with another video, this time explaining the launch of a new competitive community funding campaign called Accelerate Aptera, complete with a leaderboard.
Aptera’s accelerated funding program starts at $10,000
The company shared details of its new accelerator program in a post to its website this afternoon, which also included a new video from its cofounders you can peep below. First off, Aptera’s team is working through a Series B2 funding round, but says that will take time to secure and finalize.
Aptera has received a $21.9 million grant, but it is all but guaranteed and the process will not be completed until February or March. Furthermore, the grant is a reimbursement, so Aptera must complete eligible purchases (production equipment, machines, etc.) up to $21.9 million with its own money first.
Enter #AccelerateAptera – the company’s latest community funding program intended to put money in the bank and bridge to gap toward prospective grants and series funding rounds. Per the release:
We want to deliver solar mobility to the world as quickly as possible. Our Launch Edition vehicle is only one of many future products we hope to build that will make the world a better place. Once funded, we expect it will be 12 months until production of our first vehicle commences. Without funding, we anticipate our timelines will continue to be pushed back. Our community has always been our biggest asset and we’re asking our order holders and other supporters to now help us to accelerate our growth. If we can raise $20-50 million to execute on the first phase of our production plan, it will help tremendously. We expect our use of proceeds to include capital expenditures such as equipment and tooling and assisting in completing the requirements for obtaining the grant.
Here’s how the accelerated funding program works.
From now through March 26, anyone can invest a minimum of $10,000 in Aptera to join the Launch Edition leaderboard. Investments over $10k qualify you for a $100 coupon (okay?) and a 5% discount on your Aptera solar EV (up to $2,500 and does not include purchase price).
Whoever contributes the highest investment by the end of the funding round will receive the first delivery slot of 2,000 planned Launch Editions. The remaining 1,999 slots will be prioritized down the leaderboard.
Lastly, those reservation holders who already have their hard earned money invested in Aptera will have those amounts added to their leaderboard funding total… as soon as they donate an additional $10,000.
You can join the funding leaderboard by investing here, and can follow the “competition” here. If you still haven’t reserved an Aptera, you can do so here and get $30 off the $100 fee. To learn more about the Accelerate Aptera campaign, see the video below where the cofounders explain it best.
Norway just greenlit this vertical-axis floating wind turbine
Swedish wind turbine maker SeaTwirl got the go-ahead to test its 1 megawatt (MW) S2X vertical-axis floating offshore prototype in Norway.
Vertical-axis floating wind turbine pilot
In March 2022, Norway’s Ministry of Energy gave approval to SeaTwirl and Norwegian offshore wind test center Marine Energy Test Centre to pilot the vertical-axis floating wind prototype for five years at a former fish farm in Boknafjorden, northeast of Lauplandsholmenoff, 700 meters (2,297 feet) from the coast.
But four groups – the Norwegian Environmental Protection Association, the Norwegian Fishermen’s Association, and two campaign groups – appealed against SeaTwirl’s permit, and so the project was put on ice.
Yesterday, the Norwegian Water Resources and Energy Directorate rejected the appeal, so SeaTwirl’s S2X pilot can now proceed, and no further appeals will be considered.
CEO Peter Laurits said:
Our main focus is the commercialization of large turbines, SX, in floating wind farms. The outcome provides freedom to choose and plan the installation of S2x in the way that best supports that goal.
How S2X works
SeaTwirl says that “multiple S2xs can be placed in a dense pattern for increased output.” The company’s reasoning for building vertical (instead of horizontal) axis floating turbines is this:
The simplicity of the design and low center of gravity are the big advantages. All moving parts and electrical systems are easily accessible [and] close to the water’s surface, lowering maintenance costs.
The S2X prototype is 55 meters (180 feet) above sea level, and it’s around 80 meters (262 feet) below sea level. The turbine diameter is 50 meters (164 feet). Its rotor blade height is around 40 meters (131 feet). Its optimal operating depth is 100 meters (328 feet) and deeper.
SeaTwirl isn’t the only company testing vertical-axis wind turbines off the Norwegian coast – earlier this month, aluminum and energy giant Hydro and floating wind specialist World Wide Wind announced that they’re going to test a vertical-axis wind turbine made out of aluminum.
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Audi hints at luxury electric 4×4 to compete with Mercedes Benz and Land Rover
The luxury electric 4×4 you’ve been waiting for is set to emerge in 2027, and no, it’s not the Mercedes Benz G-Class or Land Rover Defender. It’s a new secret project from Audi.
A luxury electric Audi 4×4 coming in 2027
In a first from Audi, the German automaker is showing interest in the luxury 4×4 segment. The secret new electric SUV will feature a top-notch interior with the ability to perform its best on and off the road.
Audi unveiled its new activesphere concept Thursday, a four-door crossover coupe that doubles as a truck. The concept combines a luxury SUV, sports car, and off-roading pickup into one versatile EV.
Although this is a separate concept from the planned electric Audi 4×4, the off-road EV gives us an impression of where the automaker is headed.
In an interview with Autocar, Audi’s head of design, Marc Lichte, hinted at the idea of a new 4×4, saying:
I think there is space [for a rugged SUV in Audi’s lineup]. There is potential because there are only two premium players, and I think there is space for a third one.
Lichte didn’t give up details other than mentioning it will ride on one of Volkswagen’s platforms other than the Audi-Porshce co-developed PPE platform like the activesphere concept.
Since Volkswagen’s next-gen SSP platform designed for all segments has been delayed until at least 2028, there’s a good chance Audi’s new 4×4 will share technology with VW’s recently revived Scout off-road brand of vehicles.
Following Volkswagen’s announcement last year that it would revive the Scout brand for an all-electric lineup and bring rugged SUVs to the United States, reports surfaced VW was considering Canadian parts manufacturer Magna (which also builds the Mercedes Benz G-Class) to help build the vehicles.
The initial plans called for Audi to build Scout models in a new US facility but were later scrapped. According to Autocar, the two brands may still benefit from each other.
Audi is already working with Magna to develop electric vehicle batteries for the Scout brand. With VW reportedly leaning toward having the part supplier build 100,000 Scout EVs, there could be room for an additional 50,000 electric Audi 4×4 models to be built alongside.
Audi is already familiar with electric off-road technology with its beastly RS Q e-tron rally car (and Quattro four-wheel drive tech) and is well known for its premium luxury interior. It seems like a match made in heaven to me.
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