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Coal, oil and natural gas would plummet within the next couple of decades in a new report Royal Dutch Shell released Monday, envisioning a future where world leaders cut greenhouse gas emissions as laid out in the 2015 Paris climate deal.

Why it matters: This is a company sketching a potential future where its primary products precipitously drop in use. That’s like McDonald’s imagining a future without beef hamburgers. Meanwhile, Shell is one of the most aggressive global hydrocarbon producers addressing climate change by investing in other energy technologies.

Expand chart
Adapted from a Shell report; Chart: Axios Visuals

The gritty details: The report is not a forecast for what Shell thinks will happen. It’s a possible future if greenhouse gas emissions are cut dramatically through aggressive and coordinated government policies to produce a net zero emissions from energy use by 2070. That’s a herculean “if” statement given the lack of movement on this issue. This latest scenario is the most ambitious compared to two others Shell issued in 2013.

Highlights of this hypothetical future:

  • Governments adopt carbon taxes just under $50 per ton by 2030 that reach $200 by 2070.
  • Global coal demand has already peaked, oil demand peaks around 2025 and natural gas peaks around 2035.
  • Solar becomes the dominant energy source around 2055.
  • The shift to renewable energy is “affordable, being well within historical spending on the new energy system as a share of global GDP.”

Flashback:

  • Shell CEO Ben Van Beurden told me earlier this month that oil demand could peak within seven years if the world took drastic action to cut carbon emissions.
  • Shell announced late last year it would aim to cut the "net carbon footprint of its energy products by around half by 2050.”

Yes, but: Shell is still not moving aggressively enough for some shareholders. Activist investors are likely to push a resolution at its upcoming spring investors’ meeting calling on the company to be more aggressive with its strategy, The Financial Times reported Monday.

Related: Inside Exxon’s climate strategy

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U.S. faces urgent anti-hacker crisis

Illustration: Allie Carl/Axios

The Biden administration is accelerating efforts to fill nearly 600,000 vacant cybersecurity positions in the public and private sectors bogging down efforts to protect digital infrastructure.

Why it matters: Following a deluge of ransomware attacks targeting critical government and corporate infrastructure this year, clogs in the talent pipeline are leaving federal, cash-strapped local governments and Big Business even more susceptible to hacking.

Mike Allen, author of AM
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Courage vs. coddling with China

Peng Shuai of China serves during the China Open in Beijing in 2017. Photo: Andy Wong/AP

The women's professional tennis tour suspended tournaments in China Wednesday out of concern for Peng Shuai, on the same day that a top business voice made excuses for Beijing.

Why it matters: Ahead of February's Winter Olympics in Beijing, some sports figures are taking on the regime — while Big Business shrinks from confrontation with the world's second-largest economy.

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What to know about the first MLB lockout since 1995

Illustration: Shoshana Gordon/Axios

Hope you enjoyed the recent flurry of free-agent activity, because it's likely the last non-lockout-related MLB news for a while.

Driving the news: The owners locked out the players after the collective bargaining agreement expired at midnight last night, leading to MLB's ninth work stoppage — and first since 1995.