08:16 AM EST, 12/10/2024 (MT Newswires) -- Shell (SHEL) has reached an out-of-court settlement with Greenpeace over a lawsuit relating to climate activists occupying a Shell offshore vessel in the UK North Sea for nearly two weeks during a 2023 protest, Bloomberg reported Tuesday.

Greenpeace agreed to pay 300,000 British pounds ($383,000) to the Royal National Lifeboat Institution and committed to not stage similar actions at four Shell offshore facilities in the region, the report said.

"For Shell, the right to protest is fundamental and has never been at issue," Shell was quoted by Bloomberg as saying. "Instead, this case was about an illegal boarding by protesters which a High Court judge described as 'putting their lives and, indirectly, the lives of the crew at risk'."

Shell and Greenpeace UK did not immediately respond to MT Newswires' requests for comment.

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