DievBomD t1_j7viyfr wrote
A spokesperson from Shell said they “do not accept ClientEarth’s allegations”.
“Our directors have complied with their legal duties and have, at all times, acted in the best interests of the company.”
Says nothing about the World, but does mention the Companies best interests. Hmm profits?
Top-Philosophy-5791 t1_j7vo2nc wrote
Murderers act in their best interest, doesn’t make it right. These psychopaths need new laws against them. Their company profits do not have greater importance than the planet and everything that lives on it.
epelle9 t1_j7yeq9v wrote
Yeah, that’s actually what the lawsuit was about.
It wasn’t about them hurting the environment, but about them hurting investors’ profits.
By hurting the environment and not investing in green energy they are getting huge short term gains (which are reflected on their bonuses), but they hurt the long term profits of the company as a green energy strategy is now more profitable for the long term.
And thats why they might even win, not because they are damaging the world, but because they are hurting stockholder profits while doing so.
Nowhereman123 t1_j7x8efc wrote
"We may have irreversibly destroyed the climate, but look on the bright side! We created a lot of value for our shareholders!"
Anoscetia t1_j7y847d wrote
I'm pretty sure companies do not have any duty to the world at large codified in law besides profit maximization for shareholders and not breaking existing environmental and safety regulations, so besides a tiny PR hit this is going nowhere.
DievBomD t1_j7y8s32 wrote
They have no duty to the world.. the point being they knew what's happening and have known for years, but kept the companies best interest at heart.
Did you think I didnt understand that part? I dont understand your reply.
[deleted] t1_j7ypeam wrote
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ErrantsFeral t1_j7w3kl9 wrote
Yes, all of that. This is the corporate bottom line, as usual. Profit protection. I don't think things will change unless there are meaningful, deterrent consequences, and for corporations that translates to financial consequences.
One excuse that corporations use to skirt the law is "complied with their legal duties". That's always so infuriating. That is a core problem, the legislative framework that allows loopholes and get out of jail free cards. That needs serious change.
gophergun t1_j7yq61u wrote
The legal basis of the suit has nothing to do with the World and everything to do with profits. It's reasonable to respond to what's relevant to the thing being discussed.
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