The Breaking News on Rachel re Big Oil is huge

[malaise]

I'd like to celebrate Al Gore and the Climate Change Experts and Activists everywhere.
The Inconvenient Truth has finally been acknowledged.

https://www.theguardian.com/business/2021/may/26/exxonmobil-and-chevron-braced-for-showdown-over-climate

[ShazamIam]

1. It is very inconvient for the global Oil-igharcs.

And especially tough since it was discovered they knew what damage was occurring and lied about it, under oath.

[roamer65]

2. A Dutch court today ruled that Royal Dutch Shell has to cut CO2 emissions 45 pct by 2030.

This ruling has to have Exxon, Chevron, etc extremely worried.

https://www.aljazeera.com/economy/2021/5/26/climate-landmark-court-orders-royal-dutch-shell-to-cut-emissions

[dchill]

5. Is that really enough?

[malaise]

12. It's a start

Indeed the ruling re Shell came first yesterday.

https://reneweconomy.com.au/shell-exxon-and-chevron-stunned-by-courts-and-shareholders-in-climate-blitz/

The headline alone speaks volumes
Shell, Exxon and Chevron stunned by courts and shareholders in climate blitz
https://reneweconomy.com.au/shell-exxon-and-chevron-stunned-by-courts-and-shareholders-in-climate-blitz/

Three of the world’s biggest oil and gas companies have suffered significant blows in quick succession, with a collection of court rulings and shareholder votes sending shockwaves through an industry rattled by accelerating climate action and the impacts of the COVID19 pandemic.

Overnight, a Dutch court found that Shell is required to reduce its total emissions, including those from operation but also those from the use of the products it sells (“scope 3” emissions) by 45% of 2019 levels by the year 2030, to align with global climate goals.

This was found on the grounds that climate impacts would breach the human rights of residents of the Netherlands, and the Wadden region. The case was brought in April 2019 by seven climate activist groups and led by Dutch environmental group Milieudefensie, and the findings were announced on Wednesday night, Europe time.

The court’s ruling found that Shell is directly culpable for the climate impacts created by the normal usage of the products it sells, namely oil and gas. It rejected the company’s arguments that not selling these products would result in others selling the same, or that the responsibility lies with consumers rather than fossil fuel companies.

more at link

[Hortensis]

22. As you say, or yet another step before, let's hope, a trot or even gallop.

[malaise]

13. I was trying to find a link with all three last night

Great news

[flying_wahini]

3. I hope the oil companies have to break their banks to pay for this.

They should be forced to make restitution by rebuilding the rain forests and cleaning up the oceans. Starting tomorrow.

[Ferrets are Cool]

4. You do realize that the cost of said restitution will just be passed on to the consumer

right?

[mahina]

7. We pay anyway w externalities

Exxon doesn’t pick
Up the tab for catastrophic storms, rising sea level- we do

[Ferrets are Cool]

21. And that will continue.

We are screwed. Period.

[ShazamIam]

8. Count the costs of climate change damage and health costs and the impoverishment of the many

nations who oil was pretty much stolen by the private oil gangsters with help from the rich nations governments of course.

[mitch96]

19. Yup, and we can now please Please PLEASE stop oil company subsidies!!! They made billions

and we gave them more money and pay little to no taxes... uff.. Then again they tout them selfs as "energy companies" so watch them get into solar/wind/geothermal energy and forms of nuclear. I know I saw wind turbines in PA and Virginia with FPL on the sides...
Florida Power and Light... They get around, eh?
m

[Ferrets are Cool]

20. This

[yonder]

6. How long will it take before the Reichwing begins characterizing

the shareholders of these corporations as misguided, radical, commie/socialists/nazi/fascists/blm/antifa.....whatever their nom du jour might be?

[Snackshack]

9. It's too...

Little, too late...

We are at ~415ppm of CO2 in atmosphere. A level never seen in any historic record going back 800,000+ yrs. Temp always lags CO2 but it always catches up and we have no idea what 415ppm means when the temp catches up to it. That will certainly go right past the 2C target. Some reports anticipate a 5-10C rise in temps which would be absolutely devastating in ways we do not even know.

[Hekate]

10. It was jaw-dropping

[malaise]

17. Agree

and it has real meaning for you folks in Cali

[NJCher]

11. We are going to see rapid change

Of course, the republicans will still see coal in our future.

[DFW]

14. It figures that much of the impetus comes from the Netherlands

Half of the country is below sea level already. They don't need for another 25% of their territory to join that status. Pumping the water out 24/7 is already a major issue there, and there is a water ministry (Rijkswaterstaat) just to manage it.

[Rhiannon12866]

15. Here's the video:

Big Oil Suffers Setbacks, Forced To Deal With Climate Change - Rachel Maddow - MSNBC
https://www.democraticunderground.com/1127145250

[malaise]

16. Good morning Rhiannon12866 - You're the best

[Rhiannon12866]

18. Awww, thanks!

But that's actually Rachel!