Judgment day for Big Oil

EMERGENCY EDITION: Shell in Dutch court drama, as shareholder rebellions rock Exxon and Chevron

Yesterday a transatlantic earthquake struck Big Oil.

First, a Dutch court ordered Shell to cut its emissions by 45% this decade, in a landmark ruling that also found the Anglo-Dutch oil major liable for Scope 3 emissions from customers and suppliers. This has big implications for other big emitters.

Then, shareholders defied both ExxonMobil and Chevron t…