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<big><big>'''We’re taking Shell's Board of Directors to court -- ClientEarth'''</big></big> | |||
<small>'''''This will be the first time ever that a company’s board has been challenged on its failure to properly prepare for the energy transition.'''''</small> | |||
''We’re going to court against Shell’s Board of Directors for failing to move away from fossil fuels fast enough.'' | |||
''This is the first ever case of its kind seeking to hold corporate directors personally liable.'' | |||
''February 9, 2023'' | |||
* https://www.clientearth.org/latest/latest-updates/news/we-re-taking-legal-action-against-shell-s-board-for-mismanaging-climate-risk | |||
🌎 | |||
<big>'''February 2023'''</big> | |||
<big><big>'''Profit-taking in a Profitable Year ...'''</big></big> | |||
4 oil companies had total sales of $1 trillion last year | |||
Chevron, ConocoPhillips, Exxon and Shell all reported record profits in 2022 | |||
* https://www.greenpolicy360.net/w/Category:Fossil_Fuels | |||
* https://www.greenpolicy360.net/w/Category:Environmental_Laws | |||
[[File:Shell - 2022, highest profits in 115 yrs.png]] | |||
🌎 | |||
<big><big>EuroNews'''</big> | |||
* https://www.euronews.com/green/2023/02/09/shells-board-of-directors-sued-over-flawed-climate-strategy-in-first-of-its-kind-lawsuit | |||
''Shell’s board of directors are being personally sued over their alleged failure to properly manage risks associated with the climate crisis... The lawsuit says the British oil giant’s 11 directors have breached their legal duties under the UK’s Companies Act by failing to bring their climate strategy in line with the Paris Agreement.'' | |||
''Environmental law charity [https://www.clientearth.org/ '''ClientEarth'''], which filed the lawsuit, says it is the first case in the world that looks to hold corporate directors personally responsible for failing to prepare for the energy transition.'' | |||
''“Shell may be making record profits now due to the turmoil of the global energy market, but the writing is on the wall for fossil fuels long term,” says Paul Benson, a senior lawyer at ClientEarth.'' | |||
🌎 | |||
<big>'''GreenPolicy360'''</big> | |||
'''National climate plans and local/state realistic legal enforcement actions are keys to progress''' | |||
* https://www.greenpolicy360.net/w/Climate_Plans_Enforcement_-_Resources | |||
[[File:Methods to enforce climate pledges-NDCs - Dec 2021.png]] | |||
<small>* https://www.greenpolicy360.net/w/File:Methods_to_enforce_climate_pledges-NDCs_-_Dec_2021.png</small> | |||
'''This lawsuit is not 'virtue signaling' or 'without legal basis', or 'symbolic', this lawsuit is worthy of ominous music as it rolls out as Top News by the Wall Street Journal and Financial Times.''' | |||
:<small>* https://www.greenpolicy360.net/w/Category:Environmental_Laws</small> | |||
🌎 | |||
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Latest revision as of 09:31, 11 February 2023
We’re taking Shell's Board of Directors to court -- ClientEarth
This will be the first time ever that a company’s board has been challenged on its failure to properly prepare for the energy transition.
We’re going to court against Shell’s Board of Directors for failing to move away from fossil fuels fast enough.
This is the first ever case of its kind seeking to hold corporate directors personally liable.
February 9, 2023
🌎
February 2023
Profit-taking in a Profitable Year ...
4 oil companies had total sales of $1 trillion last year
Chevron, ConocoPhillips, Exxon and Shell all reported record profits in 2022
🌎
EuroNews
Shell’s board of directors are being personally sued over their alleged failure to properly manage risks associated with the climate crisis... The lawsuit says the British oil giant’s 11 directors have breached their legal duties under the UK’s Companies Act by failing to bring their climate strategy in line with the Paris Agreement.
Environmental law charity ClientEarth, which filed the lawsuit, says it is the first case in the world that looks to hold corporate directors personally responsible for failing to prepare for the energy transition.
“Shell may be making record profits now due to the turmoil of the global energy market, but the writing is on the wall for fossil fuels long term,” says Paul Benson, a senior lawyer at ClientEarth.
🌎
GreenPolicy360
National climate plans and local/state realistic legal enforcement actions are keys to progress
* https://www.greenpolicy360.net/w/File:Methods_to_enforce_climate_pledges-NDCs_-_Dec_2021.png
This lawsuit is not 'virtue signaling' or 'without legal basis', or 'symbolic', this lawsuit is worthy of ominous music as it rolls out as Top News by the Wall Street Journal and Financial Times.
🌎
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