Following last month's ruling ordering Shell to reduce CO2 emissions much faster than the oil company had planned, CEO Ben van Beurden now promises to step up the oil giant's climate efforts.
However, Shell also immediately announced that the company plans to appeal the Dutch ruling.
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Scorpio Tanker has a grim outlook on the tanker market for the rest of the year, as the Covid-19 pandemic continues to cause turbulence in the global economy and the commodity market. The tanker operator posts a loss of USD 115 million in the first half of the year.