South Pacific island nation Vanuatu has achieved a major win for climate justice. Yesterday’s UN court ruling now compels wealthy nations to curb global warming emissions or face compensation payments.
This decision is a significant step forward. It holds major polluters accountable for their impact on the planet.
The ICJ ruling is a possible gamechanger for Big Oil. Countries now face litigation from other nations for damages caused by climate change.
Governments will be forced to put into place stricter regulations on companies operating within their borders. Subsidizing fossil fuels or approving new oil and gas licenses could violate a country’s obligations.
This ruling will limit Big Oil’s “license to operate”. Continued fossil fuel operations not aligned with climate goals could be seen as a breach of international obligations. While advisory, this sets a powerful legal precedent. It could be used in national courts worldwide against the industry.
Follow This believes this ruling gives more weight to our mission. We push for ambitious climate targets and a shift to clean energy. This judgment strengthens the case for investors to demand real climate action from their portfolio companies.
