Written by Simon Kent with AFP on May 28, 2021. Posted in Latest news
Lawfare: Report Warns Companies, Rich Economies Face Onslaught Of Climate Litigation
Companies operating in rich, successful capitalist economies including Britain, Australia, Germany, France, Japan, Canada, and especially the U.S. must prepare for an onslaught of activist-driven climate litigation, a report released Friday warns.
The prediction of expensive judicial activism comes in the wake of a Dutch court decision Wednesday ordering oil giant Shell to slash its greenhouse gas emissions in this decade or face punitive financial retribution.
“The 2020s are a key decade for climate action. Therefore, sovereigns and corporates should expect more climate lawsuits to come down the line,” the study by business risk analysts Verisk Maplecroft said, noting “companies risk fines reminiscent of tobacco trials.”
https://climatechangedispatch.com/lawfare-report-warns-companies-rich-economies-face-onslaught-of-climate-litigation/
