It’s time to nationalize Shell. Private oil companies are no longer fit for purpose | Johanna Bozuwa and Olúfẹ́mi O. Táíwò

Failing, heavily subsidized private oil companies enjoy the profits of oil extraction while the rest of us pay in tax dollars, human rights abuses, and an unlivable climateIt has been a bad month for big oil. A Dutch court just ruled that Shell must cut its carbon pollution by 45% by 2030. The court’s decision has rightly been celebrated: it is a much more stringent requirement than the ineffective regulations imposed to date. Meanwhile, shareholders are waging rebellions at various oil giants – ExxonMobil shareholders won two seats on the board to pressure the oil company towards a greener strategy,… Source – Full Article https://www.theguardian.com/commentisfree/2021/jun/07/its-time-to-nationalize-shell-private-oil-companies-are-no-longer-fit-for-purpose

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