News on the RWE Case
The environmental and development organisation Germanwatch points out that fossil fuel companies will have to disclose climate risks in their risk reports and have them externally audited. The reason for this is a new study by a team of researchers from the renowned London School of Economics and Political Science, which shows a clear connection between climate litigation and share price losses of affected companies.
More than 50,000 inhabitants of the Andean city of Huaraz are threatened by a flood wave due to global warming. The Andean farmer and mountain guide Saúl Luciano Lliuya decided to take action: On 24 November 2015, he filed a lawsuit against the energy company RWE in a German civil court. One year after the court visit to Huaraz, the expert report will finally be available this summer. A hearing at the Higher Regional Court of Hamm is expected later this year.
The climate lawsuit of the Peruvian Andean farmer and mountain guide Saúl Luciano Lliuya against the energy company RWE has entered the decisive phase six and a half years after the lawsuit was filed: After a long delay, especially due to the Corona pandemic, a site visit took place this week in the Andean city of Huaraz. Judges of the Higher Regional Court (OLG) of Hamm (Germany), legal advisors and experts travelled to Peru to examine whether the plaintiff's house is threatened by a possible flood wave from the glacier lake Palcacocha above the city. The entire danger zone in Huaraz actually covers an area where around 50,000 people live.