Legal Action Against Shell Board Previews Wave Of Lawsuits
Boards should prepare for legal action based on their response to climate change, a DeSmog investigation has found.
Lawyers, insurers, and campaigners have been anticipating litigation against company directors for some time and say the chances are only growing as corporate requirements to address climate risks get tougher.
Today, March 15, ClientEarth announced it was taking legal action against energy giant Shell’s board of directors, arguing that their failure to properly prepare the company for net zero carbon emissions breaches their legal duties.
The environmental law non-governmental organization, which has bought shares in Shell, claims the company’s 13 executive and non-executive directors failed to adopt and implement a climate strategy that truly aligns with the Paris Agreement and says this is a breach of their legal duties under the UK Companies Act.