It’s a tough time being in the oil and gas business. Big Oil has lately come under a plethora of attacks from all directions, ranging from uncooperative financiers and investors amidst a global shift to renewable energy to hostile governments and hardline climate activists. And although the major oil-exporting economies of the world weren’t necessarily in the environmental crosshairs like Big Oil was, the shift could have a devastating effect on those oil-dependent economies. In a virtual climate summit with 41 world leaders last month, President Joe Biden unveiled an ambitious ten-year Climate Plan that has proposed cutting U.S. greenhouse gas emissions by 50-52% by 2030. That represents a near-doubling of the U.S. commitment of a 26-28% cut under the Obama administration following the Paris Agreement of 2015. Just last week, some of the biggest names in the business suffered a trifecta of blows after Chevron (NYSE:CVX) shareholders voted […]