Earlier today, John Kerry, who is Joe Biden’s special envoy on climate change, warned the industry that they “don’t want to be sitting there with stranded assets. That fight is useless. You’re going to end up on the wrong side of this battle.”
If shivering with cold dark for days in sub-zero temperatures was not enough for many Texans, those lucky enough to still have electricity during the recent freezing weather have been hit with exorbitant electricity bills.
It’s the Treaty you have never heard of. But it’s the one that could affect your future and your children’s future.
The devastating deep freeze continues to cause havoc in Texas and other southern states in the United States.
The UK Supreme Court has ruled that two Nigerian communities – of more than 50,000 people – can bring their legal claims for clean-up and compensation against Royal Dutch Shell and its Nigerian subsidiary in the English courts.
A new scientific study has concluded that in 2018, pollution linked to the burning of fossil fuels killed nearly nine million people that year. In perspective that’s one in five people who died globally in 2018.
As Big Oil loses billions, the global ratings agency, S&P has announced it was placing ExxonMobil, Chevron, Shell and Total on a so-called “credit watch”.
Last Friday, in an historic judgement, Shell’s day finally came. A Dutch court ordered that Shell’s Nigerian subsidiary pay compensation for oil spills in the Niger Delta that stretch back decades. Do not underestimate this moment.
The raft of new bold climate policies by Joe Biden has left the oil industry “stunned” with fossil fuel stocks “plunging” due to his actions.
President Joe Biden has made good start on climate change. But one area that the President is coming under pressure is to take action over fossil fuel subsidies and finance.