{"id":185921,"date":"2021-05-31T13:10:00","date_gmt":"2021-05-31T13:10:00","guid":{"rendered":"https:\/\/www.greenqueen.com.hk\/?p=50066"},"modified":"2023-06-14T17:00:00","modified_gmt":"2023-06-14T17:00:00","slug":"7-big-signals-that-prove-the-end-of-fossil-fuels-is-on-the-horizon","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2021\/05\/31\/7-big-signals-that-prove-the-end-of-fossil-fuels-is-on-the-horizon\/","title":{"rendered":"7 Big Signals That Prove The End Of Fossil Fuels Is On The Horizon"},"content":{"rendered":"
For years, climate scientists and environmental activists have been calling for the end of fossil fuels as the number one thing that must happen if we are to save the planet. They have fought tooth and nail to push back against the dirty energy industry\u2019s billion-dollar efforts to spread disinformation and sow public doubt over climate change, campaigned to raise awareness about the devastating health, environmental and economic consequences of continued inaction. But now, it looks like fossil fuel giants are going to be facing some dark days ahead. Here\u2019s why. <\/p>\n\n\n\n
In what many industry watchers have described as a \u201cturning point\u201d for fossil fuels, the world\u2019s largest private oil trader Royal Dutch Shell was ordered<\/a> to slash its greenhouse gas emissions by 45% by the end of the decade by a court in the Netherlands. It marked the very first time that a company has been legally bound to change its business practices and align its policies with the Paris agreement. <\/p>\n\n\n\n At ExxonMobil\u2019s annual shareholder meeting in 2021 activist hedge fund Engine No. 1 managed to rally up enough support \u2013 including the world\u2019s largest asset manager BlackRock and New York\u2019s state pension fund \u2013 to force the company to diversify away from dirty oil and gas. The biggest American oil company now has two dissidents on its 12-member board<\/a> who are going to hold the firm accountable over climate action. <\/p>\n\n\n\n2. Investor rebellion at ExxonMobil <\/h3>\n\n\n\n