Shell's directors face legal action from climate group shareholder
CNN
The lawyers from ClientEarth, which is a Shell shareholder, said they are seeking to hold the oil and gas company's 13 directors liable for what they call a failure to prepare for the global shift to a low-carbon economy.
The lawyers from ClientEarth — which is a Shell shareholder — said they are seeking to hold the oil and gas company's 13 directors personally liable for what they consider to be a failure to adequately prepare for the global shift to a low-carbon economy. They say that the board has failed to adopt and implement a climate strategy that aligns with the 2015 Paris Agreement, claiming that amounts to an alleged breach of the directors' duties under the UK Companies Act.
ClientEarth said it had written to Shell notifying it of its claim and was waiting for it to respond before filing papers at the High Court of England and Wales. For the case to proceed, ClientEarth would then need permission from the court to do so.
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