The UAE, one of the world's top crude exporters, said a recent UN climate summit in Glasgow was a "success" but that the world needs to keep investing billions in oil and gas.

Abu Dhabi: The UAE, one of the world's top crude exporters, said a recent UN climate summit in Glasgow was a "success" but that the world needs to keep investing billions in oil and gas.
But they failed to secure a consensus to keep coal in the ground, and UN Secretary General Antonio Guterres has warned that "climate catastrophe" is still knocking at the door.

The company said it wanted to move to a more conventional structure to make the company more competitive as it seeks to meet the challenges of shifting toward cleaner energy.

LONDON: Royal Dutch Shell proposed moving its headquarters from the Netherlands to the United Kingdom and streamlining its structure Monday in hopes of making it easier to move forward in a world transitioning away from a dependence on fossil fuels.

The company, which has been incorporated in the U.K. with Dutch tax residency and dual class shares since 2005, said it wanted to move to a more conventional structure to make the company more competitive as it seeks to meet the challenges of shifting toward cleaner energy.

Dutch officials said they were "unpleasantly surprised."

“I think that the next step is to start also litigating against financial institutions who make these emissions and fossil fuel projects possible,” said Roger Cox, lawyer for Milieudefensie, an environmental campaign group and the Dutch branch of Friends of the Earth.

The Hague District Court on May. 26 ordered the Anglo-Dutch oil giant to reduce its global carbon emissions by 45% by the end of 2030, compared with 2019 levels.