Shareholders have been stepping up pressure on the world’s top oil companies to start addressing climate change risks and set emission reduction targets if the world is ever to achieve the Paris Agreement targets. Some European oil majors have slowly started to succumb to investor demands and have recently pledged to set short-term emission targets and bind them with executive pay. All big European oil firms have also increased investments in clean energy and technology—from electric vehicle (EV) charging networks to wind power generation…
