Shell vs. activist Dan Loeb: The biggest battle over Big Oil's future has begun : Rashtra News (GERMANY OUT) Germany Berlin - Shell petrol station with solar plant (Photo by Schöning/ullstein bild via Getty Images)ullstein bild | ullstein bild | Getty ImagesThe surprise win earlier this year by activist firm Engine No. 1 of board
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The surprise win earlier this year by activist firm Engine No. 1 of board seats at Exxon Mobil was a watershed event in Big Oil’s ability to control the climate narrative as investors push for change. But the stake revealed this week in Royal Dutch Shell by Dan Loeb’s Third Point Management activist investor firm .
Dan Loeb says Royal Dutch Shell needs to break up its fossil fuels and renewable energy arms. The idea is central to the future business model of energy giants.