Royal Dutch Shell lost a major climate lawsuit. The management of Chevron suffered defeat by shareholders who voted for setting an absolute reduction target for greenhouse gases. And, perhaps in the biggest coup of all, Exxon Mobil saw shareholders override management to appoint climate-minded board members. All of that happened in just this past week. These stunning reversals for three of the biggest publicly traded oil companies come right on the heels of an unexpected blow from no lesser an authority than the International Energy Agency, which concluded that getting the world on a net-zero path by mid-century means stopping new oil or gas fields . The big question is what this news implies for near-term climate policy. Only one of these events is bound up with measurable, […]