Exxon, Shell, and Chevron lost big this week. Engine No. 1 led a coup.
Big Oil took hits in the courtroom and the boardroom.
Stay updated with breaking news from Ben Cushing. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Big Oil took hits in the courtroom and the boardroom.
What Happens to Exxon Now? Photo: Andrew Caballero-Reynolds/AFP (Getty Images) An activist investor that staged a coup at Exxon on Wednesday over the company’s mishandling of climate change and got two new board members elected has generated headlines around the world. Advertisement But that coup is a little more complex than it seems at first glance. Wednesday’s win was, in part, a victory because of just how terrible Exxon has been up until now at planning for its future, and demonstrates how far we have to go in terms of making real change at the world’s major fossil fuel companies.
The Straits Times Biden orders US agencies to assess, mitigate risks of climate change The new executive order is part of Mr Joe Biden's drive to cut US greenhouse gas emissions in half by 2030.PHOTO: AFP Published5 hours ago https://str.sg/JvKn They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the firs...
President Joe Biden is directing federal agencies to develop a comprehensive strategy to identify and manage financial risks to government and the private sector posed by climate change. An executive order Biden issued Thursday calls for concrete steps to mitigate climate risks, while protecting workers' life savings, spurring job creation and helping the United States lower greenhouse gas emissions that contribute to climate change. New regulations could be issued on the banking, housing and agriculture sectors, among others. Extreme weather related to climate change can disrupt entire s...
AP Photo/Evan Vucci WASHINGTON (AP) — President Joe Biden is directing federal agencies to develop a comprehensive strategy to identify and manage financial risks to government and the private sector posed by climate change. An executive order Biden issued Thursday calls for concrete steps to mitigate climate risks, while protecting workers' life savings, spurring job creation and helping the United States lower greenhouse gas emissions that contribute to climate change. New regulations could be issued on the banking, housing and agriculture sectors, among others. "Extreme weather related t...