Small Oil Moves In Where Big Oil Moves Out

A Dutch court ruled against Shell two years ago in a case targeting the supermajor’s emission footprint. It obliged the company to slash its emissions by almost half from 2019 by 2030. In response, then-CEO Ben van Beurden wrote a post on LinkedIn, noting an obvious fact that seems to have remained a mystery for the environmentalists that sued Shell and many more like them. “Imagine Shell decided to stop selling petrol and diesel today. This would certainly cut Shell’s carbon emissions. But it would not help the world…