Categories
Uncategorized

‘Powerful signal’: In a single day, Big Oil suffers historic blows on climate

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

The oil industry, long a political heavyweight in Washington, suffered a series of extraordinary blows on Wednesday after shareholders, customers and the courts turned on the industry out of concern over climate change. In the space of a few hours, Exxon Mobil Corp. was bested by an upstart shareholder seeking to shake up the company’s board. Chevron Corp. investors instructed the company to cut its greenhouse gas emissions. A Dutch court ordered Royal Dutch Shell to slash emissions by 45 percent. And while the oil industry was taking its hits,…

The post ‘Powerful signal’: In a single day, Big Oil suffers historic blows on climate appeared first on Technology Manias.

Leave a Reply

Your email address will not be published. Required fields are marked *