Climate Group Sues Oil Firm Over Net-Zero Claims In A World First
The court case is “a landmark, world-first test case in relation to the viability of carbon capture and storage, and the environmental impacts of blue hydrogen, increasingly touted as a key element in gas companies’ pathways toward net zero emissions”
The Australasian Centre for Corporate Responsibility (ACCR) filed on Thursday a lawsuit with the Federal Court of Australia, challenging claims of energy giant Santos that natural gas provides “clean energy” and questioning its net-zero targets, in a world-first court case to challenge the veracity of a company’s net-zero emissions targets.
Australia-based gas producer and developer Santos aims to reduce its Scope 1 and Scope 2 emissions to net zero by 2040. Santos has set an intermediate target to cut its Scope 1 and Scope 2 emissions and emissions intensity by 26-30 percent by 2030. The company bets on carbon capture and storage (CCS) projects to pursue more drastic emissions reductions in the coming decades.