Superamdyn
Superamdyn t1_j7yypq8 wrote
Reply to comment by PyroTech11 in Shell’s board of directors sued over ‘flawed’ climate strategy in first-of-its-kind lawsuit | Euronews by ahivarn
Even the optimistic forecasts of BEV adoption only show 10-15% of vehicles on the road being BEV by 2035.
Superamdyn t1_j7yy8xe wrote
Reply to comment by digitelle in Shell’s board of directors sued over ‘flawed’ climate strategy in first-of-its-kind lawsuit | Euronews by ahivarn
Unless the BOD has contravened some legislation there won’t be any fines. This is an activist group representing 0.17% of shareholders (12 million of 7 billion according to the article). The board is elected by shareholders and if >99% are not participating in this lawsuit… I doubt that anything much comes of it - again unless something was contravened. If shareholders do not like the direction - they already have a mechanism to change that - they elect a new board.
Superamdyn t1_j7xtbh9 wrote
Reply to Shell’s board of directors sued over ‘flawed’ climate strategy in first-of-its-kind lawsuit | Euronews by ahivarn
According to the article “The legal claim also has the backing of institutional investors and pension funds who together own over 12 million of Shell’s 7 billion shares” - that’s hardly any. In essence the majority of Shell’s investors are not included. One can also assume that since the board was elected by their investors, the majority of investors are happy with the directions unless proved otherwise !
Superamdyn t1_j82ovgs wrote
Reply to comment by PyroTech11 in Shell’s board of directors sued over ‘flawed’ climate strategy in first-of-its-kind lawsuit | Euronews by ahivarn
The majority of their investors are not suing them.