The environmental law charity ClientEarth lost its bid on Monday to revive its landmark lawsuit against Shell over its climate strategy, as the UK Supreme Court refused permission to bring a case against the energy giant.
ClientEarth, which holds a small stake in Shell, argued that the company is “uniquely vulnerable” to a shift away from fossil fuels and that its directors are breaching their duties to shareholders by promoting Shell’s commercial success.
The lawsuit was initially dismissed in May by Judge William Trower, who on Monday, in a written statement, again refused permission to bring the case.
