Future Of British Business
Shell’s Board Sued Over Lack of Climate Ambition
- Lawsuit is backed by pension funds, institutional investors
- Adds to growing climate litigation against firms, government
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Shell Plc faces a new front in climate litigation as lawyers, supported by a group of shareholders, sue the oil giant’s board in the UK.
Two years after a Dutch court ordered Shell to slash its emissions, ClientEarth are filing the first lawsuit of its kind anywhere in the world against 11 members of the board, accusing them of failing to manage the company’s climate risks.