Is today a new day for the oil industry?

It’ll be interesting see how this unfolds.

 

https://www.youtube.com/watch?v=UHdnCnvYJeo

 

 

For more details:

'Powerful signal': In a single day, Big Oil suffers historic blows on climate Courts, customers and Wall Street delivered rebukes to Exxon Mobil, Chevron and Shell.

https://www.politico.com/news/2021/05/26/big-oil-exxon-climate-491104

Exerpt from link;

Shell last month said it would cut the carbon intensity of its products by 20 percent by 2030 and go net zero on emissions by 2050, efforts that its shareholders backed last week. The company is also investing billions of dollars in electric vehicles, hydrogen, renewables and biofuels.

That’s easy to say. By 2060 , all recoverable oil will be exhasusted.

From worldometers:

1,450,598,177,840 Oil left (barrels)
15,128 Days to the end of oil (~41 years)