The oil major, Shell, is being sued by environmental lawyers, ClientEarth, over the inadequacy of the company’s climate strategy. This lawsuit, the first of its kind, has been filed against 11 directors at the high court in England and is seeking to hold corporate directors liable for the failure to prepare their company for the transition to net zero emissions. ClientEarth argues that the transition to low-carbon energy is unavoidable as governments worldwide strive to end the climate crisis and that Shell’s slowness in adapting to these changes puts the company’s future success and its investors’ money at risk. The … Continue reading Environmental Lawyers Take Shell Directors to Court Over Lack of Climate Action : Is Shell’s $40bn Profit at Risk?