Wael Sawan, currently head of Shell’s gas and renewables business, will take over from Ben van Beurden at the end of the year.
Corporate governance expert says ClientEarth will struggle to prove Shell’s directors did not consider the “wider interests” of the company.
Campaign group ClientEarth claims board members have breached their directors’ duties by failing to “properly prepare” for climate change.
Gorman joined Shell in 1999 and has held several leadership roles in finance. She will take over from current CFO Jessica Uhl on 1 April.
Claim that windfall tax would hurt clean energy investment shows the change in mentality towards purposeful business isn’t taking root.
Shell to shift its HQ; audit reforms continue to cause controversy; Korea introduces gender quota; and stock exchanges make net zero pledges.
Report reveals that since 2019 only 32 companies have agreed to submit their climate action plans to a shareholder vote.
Academic argues that the Exxon/Engine No.1 case could be a template for how to make companies confront climate risk.
Judge in court action brought by Dutch activists described Shell climate plan as “rather intangible, undefined and non-binding”.
While 89% voted in favour of the energy giant’s climate action plan, a separate resolution saw 30% demand more ambitious targets.