#clientearth

Excerpt from this story from EcoWatch:

ClientEarth is not only a nonprofit environmental law organization — it has also been a shareholder in the Shell oil company since 2016. Now, ClientEarth is suing Shell’s 13 directors and holding them personally and legally responsible for failing to devise a strategy to prepare the company for net zero emissions, which it says is a breach of their duties under the UK Companies Act.

The Companies Act requires that directors exercise reasonable care, skill and diligence and act in a way that would be most likely to promote the company’s success “for the benefit of its members as a whole.”

If the lawsuit succeeds, Shell’s board of directors could be forced to take specific steps to be in alignment with the 2015 Paris agreement, which has a goal of limiting global heating to less than two degrees Celsius by cutting fossil fuel emissions, reported The Guardian.

“Shell is seriously exposed to the physical and transitional risks of climate change, yet its climate plan is fundamentally flawed,” said Paul Benson, a lawyer for ClientEarth, as Fortune reported. Benson went on to say that if Shell is promising to adhere to the Paris agreement but not actually doing so, “then there is a risk of misleading investors and the market at large.”

According to Fortune, ClientEarth has been a shareholder in Shell in order to have voting rights and obtain investor information about the company.

ClientEarth has hired its first dedicated fundraising lead for Asia. Joining the environmental law charity from climate finance think tank Carbon Tracker is Mirabella Pulido, who will lead regional fundraising efforts based in London. ClientEarth launched in Asia in 2016, focusing on training China’s Ministry of Ecology and Environment and the Supreme People’s Court in environmental law…

Ιστορική νίκη για την ευρωπαϊκή φύση! Τη Δευτέρα, 17 Ιουνίου, έπειτα από αγωνιώδεις συζητήσεις, το Συμβούλιο των Υπουργών Περιβάλλοντος ενέκρινε τον Κανονισμό για την Αποκατάσταση της Φύσης, δίνοντας αίσιο τέλος σε μια μακρά και επίπονη νομοθετική διαδικασία. Continue reading Επικυρώθηκε ο Κανονισμός για την αποκατάσταση της φύσης

UmweltschützerInnen klagen vor dem Europäischen Gerichtshof (#EuGH) gegen #Greenwashing von #Erdgas und #Atomenergie durch die #EU_Kommission.

Die Umweltorganisationen ClientEarth, Transport & Environment (T&E), der BUND und das Brüsseler Europa-Büro des WWF und andere haben am Dienstag vor dem Europäischen Gerichtshof in Luxemburg zwei Klagen gegen die Einstufung von Erdgas und Atomkraft durch die Europäische Union in der EU-Taxonomie als “nachhaltige” Energieformen eingereicht.  Der zweite delegierte Rechtsakt der EU-Taxonomie hatte…

The directors of oil major Shell are being personally sued over their climate strategy, which the claimants say is inadequate to meet climate targets and puts the company at risk as the world switches to clean energy. Environmental lawyers ClientEarth have filed the lawsuit against the 11 directors at the high court in England. It is the first case in the world seeking to hold corporate directors liable for failing to properly prepare their company for the net zero transition, ClientEarth said. ClientEarth, which has a token shareholding in Shell, is suing under the UK Companies Act, and is supported by a group of large pension funds and other institutional investors. It argues a global transition to low-carbon energy is inevitable as world governments act to end the climate crisis and that Shell’s failure to move fast enough threatens the company’s success and would waste its investors’ money on unneeded fossil fuel projects. Shell recently announced a record annual profit of $40bn (£33bn), driven by the high energy prices resulting from Russia’s war in Ukraine. But, as climate litigation increases across the world, the company has suffered a flurry of recent legal and regulatory challenges. These include a Dutch court order to cut emissions from its oil and gas by 45% by 2030 and a claim that Shell is investing less in green energy than it says.

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