Potential Climate Crisis Turning Point
Courts and investors made waves in the climate crisis fight over the last two weeks.
On May 26th, a Dutch court ordered Shell to cut carbon emissions from its oil and gas by 45 percent by 2030. Shell is the sixth biggest emitter of carbon among fossil fuel companies.
At the same time, a small activist investor group won two places on ExxonMobil’s board. ExxonMobil is the third largest cumulative emitter of carbon among fossil fuel companies.
Simultaneously, Chevron’s management was defeated when investors voted in favor of forcing the group to cut its carbon emissions. Chevron is the second largest cumulative emitter of carbon among fossil fuel companies.
Several environmental groups and activists have been celebrating the news, going so far as to say these events are a turning point for the climate crisis. Although our goal of 100 percent renewable energy is still far away on the international scale, people from different backgrounds and geographies appear to be agreeing that change is needed and the recent changes are a step in the right direction.