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Court Pressures Shell And The Oil Industry To Adjust To Climate Change

It’s a bewildering time for oil and gas companies.

Many are still basking in the success of the shale revolution, which made the U.S. self-sufficient in oil and gas for the first time since 1947.

  • Ian Palmer
  • Forbes

Since President Biden has come to power, climate change has been labelled an existential crisis and elevated in government to cabinet-level status.

The implication is that oil and gas production, which contributes over 50% of greenhouse gases (GHG), has to cut back and make room for rapidly increasing renewable energies.

Many U.S. oil and gas companies have adopted a “wait-and-see” attitude.

Yes, physical evidence for climate change is clear – such as retreating glaciers, Arctic ice melting, and…

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