A court ruling on Shell’s climate impact and votes against Exxon and Chevron add pressure, but it’s the market that will drive oil giants to change

A court ruling on Shell’s climate impact and votes against Exxon and Chevron add pressure, but it’s the market that will drive oil giants to change
From news reports, it might sound like the fossil fuel industry is on the defensive after a landmark court ruling and two shareholder votes challenging the industry's resistance to curbing its greenhouse gas emissions. But how much power do decisions like these really carry when it comes to pressuring the industry to change? As an academic who studies climate finance and is familiar with climate litigation, I think there's something else at work ...
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