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Shell’s board of directors sued for ‘failing to properly prepare’ for the energy transition

CNBC

Shell’s board of directors sued for ‘failing to properly prepare’ for the energy transition

Sam Meredith@SMEREDITH19 KEY POINTS
  • Environmental law firm ClientEarth, a Shell shareholder, said Tuesday that it had notified Shell of its claim against the company’s 13 executive and non-executive directors.
  • It argues the board’s failure to implement a climate strategy that truly aligns with the landmark Paris Agreement is a breach of their duties under English law.
  • In response to the legal action, Shell told CNBC via email that it was delivering on its global strategy that supported the Paris accord.

Shell’s board is being sued for failing to prepare the multinational oil and gas company for the transition away from fossil fuels.

Environmental law firm ClientEarth, a Shell shareholder, said Tuesday that it had notified Shell of its claim against the company’s 13 executive and non-executive directors. It argues the board’s failure to implement a climate strategy that truly aligns with the landmark Paris Agreement is a breach of their duties under English law. read more

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