The Day The Energy World Changed

The Day The Energy World Changed

Share to Linkedin The sun sets behind the Burbo Bank Offshore Wind Farm in Liverpool Bay in the Irish Sea in north ... [+] west England on May 26, 2021. (Photo by Paul ELLIS / AFP) (Photo by PAUL ELLIS/AFP via Getty Images) May 26, 2021 was the day the energy world changed. On the same day that a Dutch court in The Hague ruled that Royal Dutch Shell could be held liable for climate change and ordered it to reduce its greenhouse gas emissions by 45% by the end of 2030 compared to 2019 levels, Exxon XOM Mobil lost a proxy fight in which at least two board candidates nominated by a small environmental activist hedge fund pushing the company to move to a cleaner energy platform were elected to the Board of Directors, with support from Wall Street institutional investors also concerned about climate change. Meanwhile, Chevron CVX investors separately voted 61% in favor to order that company also to cut greenhouse gas emissions generated by use of its products. Coming on the same day, these three matters show clearly how concern over climate change has been growing, and now is even impacting the business of traditional energy