POSTED BY JOHN DONOVAN: JULY 24, 2023
In a thrilling legal drama, environmental law charity ClientEarth has tried its best to rain on Shell’s parade over its climate strategy. But alas, the high court in London has refused to allow the fun to continue.
How disappointing! We were all looking forward to the grand spectacle of Shell’s directors being held accountable for their so-called “duties” to shareholders.
ClientEarth, with its whopping 27 shares in Shell, had the audacity to argue that the energy giant’s current climate transition strategy is nothing more than a mere fantasy. They claim that Shell’s aim of achieving net zero carbon emissions by 2050 is just a fairy tale. Oh, ClientEarth, why can’t you see the magic in Shell’s grand plans?