Shell Shareholder Lawsuit Aims to Address Climate Failures

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.