"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."
The nation’s third-largest public pension fund — the New York State Common Retirement Fund — said it would vote against 10 of 12 #Exxon board members, for failing to address climate change.
At least seven other shareholders, including the Interfaith Center on Corporate Responsibility, have filed documents with the Securities and Exchange Commission protesting Exxon’s actions and in some cases urging shareholders to vote against Exxon directors."
"Investors voted in line with all board recommendations at the virtual meeting. An average of 95% backed the re-election of 12 Exxon directors while proposals for reports on gender and race, plastics and social impact were rejected."