'Energy industry leaders should disabuse themselves of the notion that there will be a place for fossil fuels in a net-zero world. At this point in the game, the best defense for the industry may be a good legal offense,' Paul Tice writes.
Local and international activists march inside a conferences center to demand urgent action to address climate change at the U.N. climate talks in Doha, Qatar, Friday, Dec.7, 2012. A dispute over money clouded U.N. climate talks Friday, as rich and poor countries sparred over funds meant to help the developing world cover the rising costs of mitigating global warming and adapting to it.
As the law firm’s press release proudly proclaims, the Shell lawsuit is “the first attempt to hold a company’s board of directors personally liable for failing to properly prepare for the energy transition.” The loose wording of the U.K. law would seem to provide sufficient wiggle room for an adverse ruling against the company. Shell probably stands as good a chance with the English High Court as Charles I did back in 1649.
The beleaguered Shell was also successfully sued in the Netherlands by environmentalists, with the Hague District Court ruling in May 2021 that the company had to reduce its worldwide Scope 1 and 2 greenhouse gas emissions by 45% by 2030 to bring itself into alignment with the Paris Climate Agreement. Shell was still appealing the Hague ruling when the ClientEarth lawsuit upped the ante by claiming that Scope 3 emissions should also be included in the company’s net-zero calculations.
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