Exxon & Shell Face the Music of Climate Change

[Phil1111 910]

Engine No. 1 wins at least 2 Exxon board seats as activist pushes for climate strategy change

"Activist firm Engine No. 1 has won at least two board seats at Exxon following a historic battle over the oil giant’s board of directors. The vote over a third candidate proposed by Engine No. 1 was too close to call as of 1:15 p.m. on Wall Street.

The group, which has a 0.02% stake in Exxon, has been targeting the company since December, pushing Exxon to reconsider its role in a zero-carbon world."

Dutch court rules oil giant Shell must cut carbon emissions by 45% by 2030 in landmark case

"A Dutch court on Wednesday ruled oil giant Royal Dutch Shell must reduce its carbon emissions by 45% by 2030 from 2019 levels.

That’s a much higher reduction than the company’s current aim of lowering its emissions by 20% by 2030.

The landmark ruling comes at a time when the world’s largest corporate emitters are under immense pressure to set short, medium and long-term emissions targets that are consistent with the Paris Agreement. The climate accord is widely recognized as critically important to avoid an irreversible climate crisis."

So in 24 hours the two largest oil companies in the world are forced with a gun to the head, to face climate change. At Exxon Blackrock and other large shareholders stood by the activists. At shell lawyers and scientists forced the hand of Shell. Neither company was able to hold the day that profits and shareholders was all that they had to answer to.

Soon only in the old dinosaur GOP rural areas of America will big oil still hold sway.

[wmw999 2,120]

Wall: meet handwriting

Handwriting: meet wall

Wendy P. 

[gowlerk 1,909]

3 minutes ago, wmw999 said:

Wall: meet handwriting

Handwriting: meet wall

Wendy P. 

And the forum said,

The words of the prophets are written on the boardroom walls,

and corporate halls.

Edited May 26, 2021 by gowlerk

[JerryBaumchen 1,047]

6 hours ago, Phil1111 said:

Engine No. 1 wins at least 2 Exxon board seats as activist pushes for climate strategy change

"Activist firm Engine No. 1 has won at least two board seats at Exxon following a historic battle over the oil giant’s board of directors. The vote over a third candidate proposed by Engine No. 1 was too close to call as of 1:15 p.m. on Wall Street.

The group, which has a 0.02% stake in Exxon, has been targeting the company since December, pushing Exxon to reconsider its role in a zero-carbon world."

Dutch court rules oil giant Shell must cut carbon emissions by 45% by 2030 in landmark case

"A Dutch court on Wednesday ruled oil giant Royal Dutch Shell must reduce its carbon emissions by 45% by 2030 from 2019 levels.

That’s a much higher reduction than the company’s current aim of lowering its emissions by 20% by 2030.

The landmark ruling comes at a time when the world’s largest corporate emitters are under immense pressure to set short, medium and long-term emissions targets that are consistent with the Paris Agreement. The climate accord is widely recognized as critically important to avoid an irreversible climate crisis."

So in 24 hours the two largest oil companies in the world are forced with a gun to the head, to face climate change. At Exxon Blackrock and other large shareholders stood by the activists. At shell lawyers and scientists forced the hand of Shell. Neither company was able to hold the day that profits and shareholders was all that they had to answer to.

Soon only in the old dinosaur GOP rural areas of America will big oil still hold sway.

Hi Phil,

I do not expect momentous changes from either BOD; sort of like turning the Titanic, takes some effort & some time.

However, it definitely is a step in the right direction.

Jerry Baumchen

[Phil1111 910]

1 hour ago, JerryBaumchen said:

Hi Phil,

I do not expect momentous changes from either BOD; sort of like turning the Titanic, takes some effort & some time.

However, it definitely is a step in the right direction.

Jerry Baumchen

I don't know either but this has the whiff of what happened to big tobacco.

Exxon Knew about Climate Change almost 40 years ago "A new investigation shows the oil company understood the science before it became a public issue and spent millions to promote misinformation"

How the oil industry made us doubt climate change. Certainly the misinformation that the industry has spread was certainly swallowed hook, line and sinker by some

[kallend 1,623]

9 hours ago, gowlerk said:

And the forum said,

The words of the prophets are written on the boardroom walls,

and corporate halls.

But will they be met with the Sound of Silence?

Or will the king be slain? 

[gowlerk 1,909]

2 hours ago, kallend said:

But will they be met with the Sound of Silence?

EVs are very quiet......you might say they whisper in the sound of silence....

Edited May 27, 2021 by gowlerk

[CygnusX-1 42]

7 hours ago, kallend said:

But will they be met with the Sound of Silence?

Or will the king be slain? 

Or are the words of the profits were written on the studio wall
Concert hall
And echoes with the sound of salesmen?