Environmental law firm ClientEarth is bringing the suit against Shell’s board at London’s High Court, arguing that their failure to approve an energy transition strategy that aligns with the Paris Agreement on global warming amounts to a breach of a director’s legal duties.
LONDON: Shell Plc’s board faces a new front in climate litigation as a group of frustrated shareholders sue the oil giant’s directors in the United Kingdom.
Two years after a Dutch court ordered Shell to slash its emissions, the group of investors are filing the first lawsuit of its kind against 11 members of the board, accusing them of failing to manage the company’s climate risks.
