The green energy boom is here.
Not only did the U.S. just pledged to reduce emissions by up to 52%, Europe wants to cut CO2 emissions by up to 55% by 2030. China says it’ll stop releasing CO2 in the next 40 years.
In doing so, global leaders want millions of electric vehicles on the roads, which is great news for companies like Tesla (TSLA) and Nio (NIO).
In fact, “A new report by Cairn Energy Research Advisors, a research firm focused on the battery and EV industries, predicts a surge in electric vehicle sales in 2021 as countries around the world push new programs to encourage consumers to buy battery powered vehicles. Cairn estimates global sales of EVs in 2021 will jump 36% and top 3 million vehicles for the first time ever.”
Now, even major oil companies are being forced to cut emissions.
A Dutch court just ruled that Royal Dutch Shell is partially responsible for climate issues, and ordered the company to cut emissions by 45% by 2030. According to The Wall Street Journal, “the company said that it was disappointed with the ruling and that it was investing billions of dollars in low-carbon energy, including electric-vehicle charging, biofuels and renewables.”
Activist shareholders in Exxon Mobile are also pushing for the company to cut emissions.
That being said, keep an eye on EV stocks, like TSLA and NIO, and EV charging station stocks like Blink Charging (BLNK) and ChargePoint Inc. (CHPT).
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