Consider This from NPR Pressure On The World's Biggest Polluters Is Increasing. But Can It Force Change?
Jun 2, 2021
Nell Minow, Vice Chair of Value Edge Advisors and a shareholder in Exxon, dives into climate change's far-reaching impacts and the growing pressure on major polluters. She discusses ground-breaking legal actions against fossil fuel giants, highlighting a recent Dutch court ruling that could reshape corporate accountability. Minow emphasizes the power of small investors pushing for renewable practices and challenges the traditional corporate governance landscape, pointing to a possible shift in how companies respond to shareholder activism.
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Shell's Court Ruling
- A Dutch court ruled that Shell must reduce CO2 emissions by 45% by 2030.
- This ruling marks a significant shift in corporate accountability for climate change.
Extreme Weather and Climate Change
- Extreme weather events in 2020, like Australian bushfires and US wildfires, worsened due to climate change.
- Government officials warn of another above-average hurricane season and longer wildfire seasons.
ExxonMobil's Board Shakeup
- Engine No. 1, a small activist hedge fund, won three seats on ExxonMobil's board.
- They argued that ExxonMobil's focus on oil and gas is a losing strategy, given the changing energy landscape.