By John Donovan: 19 October 2023
In yet another thrilling episode of corporate battles, Clariant has boldly rejected Shell’s claim for damages.
Clariant, the Swiss chemicals company, has made it perfectly clear that they reject Shell’s claim. Shell had the nerve to bring a claim against Clariant and three other companies in the district court of Amsterdam, alleging damages of up to a billion euros.
Clariant, however, swiftly fired back with an impeccable argument: “Shell was not a supplier of ethylene to Clariant, and Clariant has substantiated economic evidence that the conduct of the parties did not produce any effect on the market.” Bravo, Clariant, for showing such outstanding resolve in the face of these allegations!
It’s almost as if these employees think that transitioning to renewable energy is more important than, say, maximizing profits from fossil fuels. How quaint!
REUTERS
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