Calling it the first lawsuit of its kind, the activist group behind the action says the oil giant is not living up to its Paris agreement goals.
The board of directors at Shell is being sued by a group of shareholders who claim the board is personally liable for mismanaging the company’s climate risk. The lawsuit filed by ClientEarth, an activist shareholder group, attempts to hold all 13 of Shell’s directors responsible—not the company itself—for failing to devise a climate strategy that, it argues, cuts fuel emissions in line with the Paris agreement.
