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Shell, Exxon and Chevron stunned by courts and shareholders in climate blitz – RenewEconomy

A historic court ruling and shareholder revolts mark one of the worst days for big oil in recent history. And the year is only getting started.



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Three of the world’s biggest oil and gas companies have suffered significant blows in quick succession, with a collection of court rulings and shareholder votes sending shockwaves through an industry rattled by accelerating climate action and the impacts of the COVID19 pandemic.
Overnight, a Dutch court found that Shell is required to reduce its total emissions, including those from operation but also those from the use of the products it sells (“scope 3” emissions) by 45% of 2019 levels by the…

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