"The head of the IPCC has compared the rollout of carbon capture and storage (#CCS) to "trying to push water uphill," questioning a technology that the oil and gas industry has long touted as integral to net-zero emission plans.
The International Energy Agency has previously called for the oil and gas industry to let go of the "illusion" that carbon capture is a solution to climate change, pushing instead for energy majors to ramp up investments in clean energy."
"#CalPERS, the biggest public pension plan in the United States, said on Monday it would vote against all #Exxon Mobil (XOM.N) board members at its upcoming annual meeting on May 29, citing the oil major's legal action against activist investors."