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Home Commodities

Shell and Greenpeace agree settlement after protesters boarded vessel

by Investor News Today
December 10, 2024
in Commodities
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Shell and Greenpeace have settled one of many largest authorized claims in opposition to the environmental group, introduced after protesters occupied a Shell floating manufacturing unit close to the Shetland Islands in 2023. 

Underneath the phrases of the settlement, Greenpeace will donate £300,000 to the charity Royal Nationwide Lifeboat Establishment after Shell argued that the protest had endangered its crew at sea. 

The environmental marketing campaign organisation shook off the case by framing it as an assault by an enormous polluter on freedom of speech and by weaponising it to humorous impact, however faces comparable assaults from different fossil gas producers.

Greenpeace nicknamed the Shell case the “Cousin Greg” lawsuit after a scene within the drama Succession through which a personality threatens to sue the marketing campaign group. The collection’ creator Jesse Armstrong donated $25,000 to Greenpeace’s authorized fund and actors together with Emma Thompson and Stephen Fry additionally joined the marketing campaign.

Areeba Hamid, co-executive director of the marketing campaign group within the UK, mentioned the settlement was proof of “folks energy” that attracted elevated donations and concern from its supporter base.

“Shell thought suing us for hundreds of thousands over a peaceable protest would intimidate us, however this case turned a PR millstone tied round its neck.”

Shell, which lately received an attraction in The Hague in opposition to a landmark order for it to chop greenhouse fuel emissions, framed the case as a defence of the security of its technical employees members.

The corporate mentioned it was “happy that the dispute has been settled and {that a} fee in lieu of the prices it incurred can profit a charity engaged on security at sea”.

The oil and fuel main had beforehand provided to settle if Greenpeace agreed to not take any motion in opposition to Shell’s installations at sea or port anyplace on this planet. Greenpeace rejected this, however has agreed to not come inside 500 metres of 4 Shell platforms within the North Sea for no less than 5 years. 

Its protesters used ropes and harnesses to board and scale one in every of Shell’s floating manufacturing, storage and offloading vessels whereas it was being transported within the Atlantic Ocean final yr.

They displayed a yellow banner with the slogan “cease drilling, begin paying”, in reference to Shell’s new oil and fuel tasks, and to the concept earnings from the sale of fossil gas merchandise could possibly be put in direction of local weather adaptation and mitigation.

Greenpeace mentioned it had confronted over $11mn in damages and authorized prices on account of the lawsuit, that it accepted no legal responsibility and would pay no cash to Shell. 

However the marketing campaign group continues to be preventing comparable instances, because the backlash by fossil gas producers in opposition to shareholder activism and campaigning teams grows.

Greenpeace faces an “existential menace” to its presence within the US as a result of being sued by US pipeline firm Vitality Switch over 2016 protests, it mentioned. Italian oil main Eni additionally filed a lawsuit in opposition to Greenpeace in October.



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