Up until lately, Big Oil has been paying token lip service to climate change; it has been business as usual with little action taken. But now shareholders are taking action with their votes against Big Oil’s complacency and greenwashing.
But the court ruling against Shell is really the most damning. Shell must make its actions conform to claims it has made. It’s no longer business as usual.
This article makes the ultimate point.
By Shell appealing the ruling, this is a de facto admission that they are unable and unwilling to comply with the Paris Agreement. They are between the rock and the hard place.
Quote:
<< Shell has said it will appeal against the “disappointing” ruling, which calls for the company to align with the emissions targets set out in the Paris Climate Agreement. The decision could lead to years of legal wrangling and prove profoundly damaging to Shell’s reputation.
“If they truly believe their strategy aligns with Paris, then there should be no problem complying with the court’s demands,” says Teulings. “Shell’s decision to appeal is therefore irreconcilable. Therein lies the lie.” >>