Last week, several Big Oil companies executives met at CERAWeek by IHS Markit energy conference to discuss, among other things, Strategies for the Energy Transition, Climate & ESG. An overriding theme that emerged from the symposium is that Big Oil considers carbon capture technology as being absolutely necessary in our fight against climate change. Exxon Mobil (NYSE:XOM) and Occidental Petroleum (NYSE:OXY) chiefs have said that the world still needs oil and gas, and governments need to focus on mitigating global warming using technologies such as carbon capture and storage (CCS) instead of attacking fossil fuels. And now another Wall Street analyst has thrown its weight behind Big Oil and its love for CCS. According to energy consultant Wood Mackenzie, we must raise carbon prices dramatically to $160 per ton of CO2 by 2030, up from the current global average of $22 if we hope to successfully combat climate change. […]