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 year, we rated ExxonMobil as "grossly insufficient" on all ten of the criteria. There are tiny steps forward in the new announcement, but nothing that changes any of our ten metrics from "grossly insufficient" to "insufficient," let alone to even "partial alignment."
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.