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Big Oil’s Terrible, Horrible, No Good, Very Bad Week In a trifecta of dramatic outcomes, Wednesday May 26 saw ExxonMobil, Chevron and Shell each take it on the chin. This article originally appeared in Oil Change International. David Turnbull May 27, 2021 It has been a terrible, horrible, no good, very bad week or so for Big Oil…and that’s a very good thing for our climate. Let’s recap: Last week, the International Energy Agency released the groundbreaking “Net Zero by 2050” report, which they described as “world’s first comprehensive study of how to transition to a net zero energy system by 2050.” As OCI’s Kelly Trout outlined in her analysis last week, this first 1.5°C-aligned model from the IEA “closes the door on new fossil fuel extraction.”

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