Shell Faces Lawsuit by Dutch Environmental Group Demanding it Halt New Oil, Gas Projects

MT Newswires Live04-21

Shell (SHEL) faces a fresh lawsuit by a Dutch climate activist organization demanding it immediately end its investments in new oil and gas projects, Reuters reported Tuesday, citing court documents.

"Shell must stop bringing new oil and gas fields into production. This is necessary to protect us from Shell's climate-disrupting activities," Friends of the Earth Netherlands, or Milieudefensie, said in the filing, Reuters reported.

The organization said on its website last week that it planned action against Shell.

Shell in a statement posted to its website called the case "unrealistic, unreasonable," and "fundamentally misplaced."

"It ignores the role oil and gas will continue to play over the coming decades as renewables become more widely available," said Shell.

"We agree with Milieudefensie that current geopolitical shifts make clear that the energy transition is essential," said Shell. "Reliable and affordable energy is critical for economies to function, for industries to operate and for people to meet their basic needs."

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