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Squeezing one last drop from Big Oil: The great climate debate shaking Australia’s energy sector
Not long ago, the only pressure for oil and gas companies to clean up their act came from the protests outside their office towers.
Next it was at their investor meetings, from activists taking over question time or lobbying for larger emissions cuts.
- Nick Toscano and Charlotte Grieve
- The Sydney Morning Herald
These, too, could often be ignored. But now, the winds of change are blowing in boardrooms.
Last month – in May 2021 – Big Oil’s climate reckoning made history.
It was “potentially a watershed moment”, UBS Australia’s energy analyst Tom Allen says.
At America’s ExxonMobil, the $US265 billion ($343 billion) behemoth that for many years was the most valuable company on…