https://uk.finance.yahoo.com/news/institutional-investors-back-shell-board-001548210.html
"ClientEarth, an environmental law charity turned activist Shell investor, said it had filed a High Court claim on Wednesday, alleging Shell's 11 directors have failed to manage the "material and foreseeable" risks posed to the company by climate change - and that they are breaking company law.
It is the first, notable lawsuit by a shareholder against a board over the alleged failure to properly prepare for a shift away from fossil fuels - and comes one week after Shell posted a record $40 billion profit for 2022, partly fuelled by the energy crunch after Russia's invasion of Ukraine."
This market resolves yes if any of the claims against the Shell Directors are upheld,
This market resolves no if non of the claims against the Shell directors are upheld.
🏅 Top traders
# | Name | Total profit |
---|---|---|
1 | Ṁ30 | |
2 | Ṁ0 |
Case was dismissed by the court. Resolving no.
https://www.esgtoday.com/uk-high-court-dismisses-climate-lawsuit-against-shell-directors/