Climate change: energy giant Shell targeted by a complaint in the United Kingdom
Energy giant Shell is the subject of a complaint in the UK for its "failing" management of climate change.
© AFP
Text by: RFI Follow
1 min
Shell, the British energy giant which published record profits last week (44 billion dollars in 2022), is in the sights of British justice for having failed in its obligations in the fight for climate change.
An accusation which the management of the group defends.
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The most senior executives of the British energy giant Shell are the subject of a procedure before the British justice for their "
failing
" management of the risks of climate change.
The environmental organization ClientEarth is behind the complaint against Shell.
She believes that Shell's eleven directors are not properly preparing for the energy transition and are "
putting risks on the future
" of the energy group.
And this, she says, while “
the transition to a low-carbon economy is not only inevitable, it is happening
”.
This is the first time, according to ClientEarth, that a board of directors has been challenged for its “
inability to reduce its greenhouse gas emissions
”.
Complaint supported by minority shareholders
Shell replies that this is false and that, on the contrary, its climate strategy is even "
aligned with a more ambitious objective than that of
the Paris agreements
", i.e. a rise in the average global temperature limited to 1, 5°C, above pre-industrial levels.
ClientEarth is however supported by institutional investors who are also Shell shareholders.
This is the case of the British pension funds Nest and London and CIV or the French asset manager Sanso IS.
Shareholders who, according to Shell, represent barely 0.2% of its total shareholding, while 80% of its shareholders voted in favor of its climate strategy.
► To read also: In Nigeria, Shell will pay 15 million euros to farming communities
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Energies
Environment
United Kingdom
Economy