In the middle of the shareholder revolt, the board called a sudden recess. It was May 2021, 40 minutes into the annual shareholder meeting of Exxon Mobil. A decade earlier, the oil and gas giant had been the most powerful company in the world. Now it was in danger of losing control of four board seats – in one vote.
The same day, another fossil fuel giant, Chevron, faced a similar climate-related shareholder campaign, demanding the company cut emissions – not just from its operations but from the oil and gas it sold, meaning an overhaul of its core business.
For much of that past year, she’d been organising protests in Victoria as part of the global “school strike for climate” movement – wrangling police permits and speaker line-ups between classes and soon drawing crowds bigger than any seen before at an Australian protest. “The scientists had been saying these fires were coming and, suddenly, here they were,” Ella says. “It was terrifying.”
David Ritter, chief executive of Greenpeace Australia Pacific has been thinking a lot about regeneration too, about the seeds buried so deep only a firestorm can unleash them. “Those seeds are still there after COVID, they’re growing. The school strikers have re-energised the entire climate movement.”
Sherryn_G If we had a free market system where consumers were free to choose they would choose renewable energy over carbon given that almost every roof in the country has solar panels but instead the federal government protects & sponsors existing monopolies while demonising new industry
Sherryn_G ExxonMobil refinery throughput declined by 130 kb/d pa over the last 15 years. If that trend were to continue it is easy to see where that would go OOTT. Liquids production is stagnating grhutchens
Sherryn_G The planet doesnt need saving
Sherryn_G Sort out Northern Territory and Victoria first. Then start vaccinating koalas, because you ran out of potential subjects.
Sherryn_G if Uncle JOE cant get the petrol price down its a conspiracy .........
Sherryn_G First thing is stop driving cars.