
Donald Pols, director of the environmental group Milieudefensie, celebrates on May 26 after a court in the Netherlands ordered Shell to slash its emissions. REMKO DE WAAL / ANP / AFP VIA GETTY IMAGES
The hug says all you need to know. Our kids, our grandchildren, and generations to follow will all be wondering why we we fiddled so long while carbon burned. The consequences of choices we make now related to the future of fossil fuel use are epic:
Amid Troubles for Fossil Fuels, Has the Era of ‘Peak Oil’ Arrived?
For years, analysts have predicted that rising world oil consumption would peak and start declining in the coming decades. But with a recent string of setbacks for big oil companies and the rapid advance of electric vehicles, some now say that “peak oil” is already here.
An oil platform facility operated by French oil giant Total in the Atlantic Ocean off the coast of Angola in 2018. RODGER BOSCH / AFP VIA GETTY IMAGES
May was arguably the worst month ever for big oil — and the best for its opponents — as courts and corporate shareholders sided with environmental activists to humble the biggest of the fossil-fuel giants, culminating in “Black Wednesday.”
Electric taxis line up at a train station in Shenzhen, China in October, 2019. NIKADA VIA GETTY IMAGES
On that day, May 26, three events occurred that would have seemed nearly impossible not long ago: activists angry at ExxonMobil’s climate policies won three seats on its board of directors; Chevron shareholders voted to force the company to start cutting emissions; and a judge in the Netherlands ruled that Shell must slash its emissions by 45 percent by 2030.
So what’s next for big oil? Is the game up? Have we reached peak oil? Continue reading







































