Oil majors are under growing pressure to stop drilling for crude to help curb climate change, but companies say they will wean themselves off fossil fuels at th
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Oil majors vow energy transition at their own pace
AFP, Paris
Oil majors are under growing pressure to stop drilling for crude to help curb climate change, but companies have said that they would wean themselves off fossil fuels at their own pace.
The demand for change is coming from many sides: Lawsuits, shareholders and the International Energy Agency (IEA) have all turned up the heat on firms.
Last week alone, a Dutch court ordered Royal Dutch Shell PLC to slash its greenhouse gas emissions, and investors used shareholder meetings to install activist board members at US oil giant Exxon Mobil Corp and demand deeper emissions cuts at rival Chevron Corp.
PARIS: Oil majors are under growing pressure to stop drilling for crude to help curb climate change, but companies say they will wean themselves off f.