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ClientEarth said it had written to Shell notifying it of its claim and was waiting for it to respond before filing papers at the High Court of England and Wales. For the case to proceed, ClientEarth would then need permission from the court to do so.
“We believe that there are sufficient grounds to assert that Shell’s board is mismanaging the material and foreseeable climate risk facing the company,” said ClientEarth lawyer Paul Benson in a statement. “Unless the board changes course, long-term value will be eroded, and eventually destroyed,” he added.
In a written response to Reuters, Shell said it was delivering on its global strategy that supported the Paris Agreement on climate, including by “transforming our business to provide more low-carbon energy for customers.”
“Addressing a challenge as big as climate change requires action from all quarters. The energy supply challenges we are seeing underscore the need for effective, government-led policies to address critical needs such as energy security while decarbonizing our energy system. These challenges cannot be solved by litigation,” Shell said.
The legal action comes less than a year after a Dutch court made a landmark ruling that Shell must dramatically reduce its carbon emissions. Shell is appealing that ruling.
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Source : cnn
