UK Financial Regulator Sued Over Oil Firm’s Climate Disclosures ...Middle East

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UK Financial Regulator Sued Over Oil Firm’s Climate Disclosures
source : OILPRICE ( Middle East ) () 15
An environmental law charity is suing the UK’s Financial Conduct Authority (FCA), alleging that the financial regulator accepted last year the listing prospectus of North Sea oil and gas operator Ithaca Energy despite the document failing to fully disclose climate change risks. ClientEarth, which sued Shell’s directors last week, is now targeting the UK’s financial watchdog with a lawsuit in the UK High Court, the Financial Times reported on Thursday.   The environmental law charity claims that the FCA failed in its duty…

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