The Netherlands' highest court on Wednesday ruled that construction of a major carbon capture project in the Rotterdam port area can go ahead, despite objections by environmental activists.
The planned "Porthos" project would be Europe's largest carbon capture and storage facility and is expected to reduce the country's annual CO2 emissions by about 2% for a period of 15 years from 2026.
Under the project, CO2 emitted by refineries and chemical plants operated by Royal Dutch Shell (SHEL.L), Exxon Mobil (XOM.N), Air Liquide and Air Products (APD.N) would be transported to empty gas fields under the North Sea.
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