ClientEarth loses bid to revive UK shell lawsuit over climate strategy

Environmental law charity ClientEarth on Monday lost its bid to revive its landmark lawsuit against Shell (LON:RDSa) over its climate strategy, as London’s High Court refused permission to bring a case against the energy giant.

ClientEarth, which has a small shareholding in Shell, argued the company is “uniquely vulnerable” to a shift away from fossil fuels and that its directors are breaching their duties to shareholders to promote Shell’s commercial success.

Its lawsuit was initially rejected in May by Judge William Trower, who again refused permission to bring the case in a written ruling on Monday.