A new lawsuit accuses Shell of failing to prepare for a world that's more reliant on green energy.
his is the first case in the world that seeks to hold a corporation’s board liable for failing to prepare for a net-“This will tie the company to projects and investments that are likely to become unprofitable as the world cleans up its energy systems. That puts the company’s long-term commercial viability at risk, and also threatens efforts to protect the planet, further increasing the risk to the company,” the statement.
“The future consequences of Shell’s flawed climate plans could cause the company’s value to plummet, costing jobs and running the risk of shareholders and investors losing significant amounts of money, including people’s pension funds.”Shell rejected the allegations that the board has not worked in the company’s best interests. “ClientEarth’s attempt...
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