"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."
So the experts say CCS is a dud.
ExxonMobil CEO:
CCS is a cool technology (makes big profit for us) and
Fossil fuel companies are the ONLY people who can help you with that tech;
Never mind that the tech is unproven and expensive and –
What, the public doesn't want to pay for our profit, you'd rather have cheap wind and solar?
IT'S YOUR FAULT THAT THERE'S NO CLIMATE ACTION.
Why won't climate activists let us help WAAAAH.
Wow.
Gaslighting at its finest.
The world isn’t on track to meet its climate goals — and it’s the public’s fault, a leading oil company CEO told journalists. Exxon Mobil Corp. CEO Darren Woods told editors from Fortune that the world has “waited too long” to begin investing in a broader suite of technologies to slow planetary heating. That heating…
It's the biggest bullies who shout the hardest that they are the victims.
ExxonMobil is suing investors who want faster climate action
"After #ExxonMobil sued the groups in federal court in Texas in January, Arjuna and Follow This withdrew the proposal and promised not to submit it to ExxonMobil again. But ExxonMobil refuses to drop its case."
"Under Biden, the Securities and Exchange Commission (SEC) has made it more difficult for companies to prevent these resolutions from moving to a shareholder vote by appealing to the regulator.
Exxon sidestepped the SEC and filed a lawsuit earlier this month against [Follow This and Arjuna].
Follow This founder Mark van Baal accused Exxon "of being afraid of its shareholders." "
"Experts say Woods’s rhetoric is part of a larger attempt to skirt climate accountability.
“It’s like a drug lord blaming everyone but himself for drug problems,” said Gernot Wagner, a climate economist at Columbia business school.
“This is what they do: basically blame the victim, the American public,” said Brulle.
“They spend on fossil fuels and they spend billions trying to influence public opinion, but we’re supposed to foot the bill for the damage.”
https://www.theguardian.com/us-news/2024/mar/04/exxon-chief-public-climate-failures
That sound you hear is the crumbling of the social license to operate.
It's only a matter of time before the fossil fuel industry's stranglehold on society is loosened by the increasing number of options for clean energy, and when that happens people will drop them the way they cast off their cigarette butts. And most would crush those underfoot as well.
Image, via Cindy Baxter of Climate Action Tracker, from en event where Woods, Exxon's CEO, was getting some award.
"[#Exxon] is suing #investors to intimidate them from ever trying to influence corporate decisions.
“What they’re trying to do is silence shareholder voices, specifically to silence the voices of shareholders who are concerned about #ClimateRisk,” he added. “It’s noteworthy that a company like Exxon is so determined to shut down the conversation… amongst shareholders about these long-term risks.” "
Sounds like they're soiling their pants over "climate risk".
https://www.levernews.com/exxon-declares-war-on-its-dissenters/
“#Exxon has gone well beyond any other company that we’re aware of in terms of suing shareholders for trying to bring forward a proposal,” Cohen told the Financial Times. “There doesn’t seem to be anything other than an agenda of sending a message of shutting down shareholders’ ability to speak their mind.”
What is the bully scared of, hmmm?
"#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."
https://www.reuters.com/business/calpers-vote-against-exxon-board-members-2024-05-20/
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."
https://www.eenews.net/articles/exxon-faces-shareholder-uprising-over-climate-policies-legal-tactics/
#AGM2024
#Exxon shareholders choose profit over planet.
"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."
@CelloMomOnCars "Frankly, society, and the activist—the dominant voice in this [climate change] discussion—has tried to exclude the industry that has the most capacity and the highest potential for helping with some of the technologies."
— Exxon's CEO in an interview earlier this year.
Source: https://fortune.com/2024/02/27/exxon-ceo-darren-woods-interview-pay-the-price-for-net-zero/
The poor dear
So willing to help, so deeply misunderstood.
</sarc>
CelloMom On Cars
Now at @