Oil giant Shell emerged victorious Tuesday from a Dutch court where it was appealing a ruling ordering it to slash its global carbon emissions by 45% by the end of the decade in line with the Paris climate agreement.

In a landmark decision, the court in The Hague ordered the company to reduce its net carbon dioxide emissions by 45% by 2030 compared to 2019. The civil court in The Hague is now ruling on the appeal. Never before had a company been forced by a judge to ...