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A recent decision from the International Court of Justice on states' climate change obligations is likely to spark disputes on directors' climate obligations and more greenwashing claims, a new report from the recently appointed solicitor general has found.
The Australasian Centre for Corporate Responsibility has appealed the dismissal of its greenwashing case alleging Santos misled investors by falsely representing that it had a plausible path to net zero by 2040.
Delivering his findings on ASIC’s action against Star Entertainment executives on Thursday, Federal Court Justice Michael Lee remarked that the “self-congratulatory submissions" of former board members named in the case were "jarring”.
Corporates, regulators and lawyers alike will be poring over the Federal Court's reasons on Monday for dismissing a pivotal greenwashing case against gas giant Santos, but experts say the 250-page judgment is unlikely to deter further litigation.
A court has tossed a landmark greenwashing case against Santos alleging it misled investors by falsely representing that it had a plausible path to net zero by 2040.
The judge overseeing a jointly run class action against Google, which has already fended off a third proceeding in a contest to pursue the digital giant, will not keep the case waiting for a looming fourth action.