Oil Giant Versus Activists - Shell Sues Greenpeace Over Protest: Report
Portfolio Pulse from Shivani Kumaresan
Shell PLC (NYSE:SHEL) has initiated a legal action against Greenpeace, seeking $2.1 million in damages after Greenpeace activists boarded a Shell oil production vessel in protest against oil drilling. Shell offered to reduce the damages to $1.4 million if Greenpeace refrains from further protests at Shell's offshore oil and gas sites. Greenpeace countered with a demand for Shell to adhere to a 2021 Dutch court order requiring a 45% cut in emissions by 2030.
November 09, 2023 | 4:19 pm
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Shell's legal action against Greenpeace could potentially impact its public image and investor sentiment. The outcome of the lawsuit and Greenpeace's demand for emission cuts could also affect Shell's future operations and costs.
The lawsuit against Greenpeace could potentially tarnish Shell's public image, which may affect investor sentiment. Additionally, if Shell is forced to adhere to the emission cuts demanded by Greenpeace, it could lead to increased operational costs and changes in business strategy, which could impact its financial performance.
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