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Judgment day for Big Oil
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Judgment day for Big Oil

EMERGENCY EDITION: Shell in Dutch court drama, as shareholder rebellions rock Exxon and Chevron

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Seb Kennedy
May 27, 2021
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Judgment day for Big Oil
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Yesterday a transatlantic earthquake struck Big Oil.

First, a Dutch court ordered Shell to cut its emissions by 45% this decade, in a landmark ruling that also found the Anglo-Dutch oil major liable for Scope 3 emissions from customers and suppliers. This has big implications for other big emitters.

Then, shareholders defied both ExxonMobil and Chevron t…

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