New Shell Climate Case in UK

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Environmental litigation group ClientEarth said on Tuesday it plans to take legal action against Shell’s board, alleging it has failed to adopt and implement a strategy aligned with its net-zero emissions goal. ClientEarth lawyers said they plan to hold the company’s directors accountable for what they see as a breach of their duties to shareholders under the UK Companies Act, and the case would be the first of its kind, the group said. “We believe Shell’s board of directors is mismanaging the climate risks facing the company, posing serious questions for long-term value,” the group said. “Capitalizing on the opportunities of the energy transition, while protecting investor capital and the climate, demands a new direction.” ClientEarth said it had notified Shell of its claims and is awaiting a response.

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