May was a busy month for climate change activism. On May 15, 2015, JPMorgan Chase announced steps it was taking in its effort to align its financing activities with the climate goals of the Paris Agreement by use of its Carbon Compass Methodology, and set targets for the auto manufacturing, electric power, and oil and gas industries to reach a reduction in carbon "intensity" by 2030. Then on May 26, 2021, shareholders of Exxon Mobil elected two board candidates — and a third was later elected on June 2 — who intend to steer the company away from oil and gas and toward cleaner energy, and Chevron investors supported a resolution to further reduce its greenhouse gas (GHG) emissions — signaling that the American oil and gas industry may be ready to join its European counterpart in investing in energy sources that do not emit GHGs. That same day, a Dutch court ordered Shell to slash its carbon dioxide emissions by 45% by 2030. Continue reading >