ClientEarth has been granted a hearing at the High Court to request it reconsiders the dismissal of a landmark lawsuit against Shell’s board of directors over climate risk mismanagement.

The case was filed in February with unprecedented support from institutional investors holding over 12 million shares in the company and was the first to challenge corporate directors over their failure to prepare for the energy transition.

On Friday last week, the High Court of England and Wales refused permission for the lawsuit to proceed. An oral hearing has now been granted, at which ClientEarth will ask the Judge to reconsider his decision.

The lawsuit alleges that the Board’s flawed energy transition strategy puts the company’s long-term commercial viability at risk – in breach of its duties under English company law.

ClientEarth’s underlying claim asks the High Court for an order which requires Shell’s board to adopt a transition strategy that is genuinely Paris-aligned to manage climate risk in line with its duties under the Companies Act.

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