Exxon and Shell both had a very bad day yesterday.
ExxonMobil shareholders revolted over ExxonMobil’s refusal to transition away from fossil fuels.
2 board members were voted out of office outright and the shareholder vote on 2 other board members was too close to call.
The bad day for Royal Dutch Shell occurred in a Netherlands court room where Shell was ordered to cut it’s fossil fuel emissions by 45% by 2030 using 2019 as the baseline.
Shell had proposed to cut emissions by 20% by 2050.
Big Oil has been put on notice, that “we’re mad as hell and we’re not going to take it any more.”
Exxon and Shell both had a very bad day yesterday.
ExxonMobil shareholders revolted over ExxonMobil’s refusal to transition away from fossil fuels.
2 board members were voted out of office outright and the shareholder vote on 2 other board members was too close to call.
The bad day for Royal Dutch Shell occurred in a Netherlands court room where Shell was ordered to cut it’s fossil fuel emissions by 45% by 2030 using 2019 as the baseline.
Shell had proposed to cut emissions by 20% by 2050.
Big Oil has been put on notice, that “we’re mad as hell and we’re not going to take it any more.”