February 15, 2008
Antonia Senior: Business Commentary
If you were not already frightened by the prospect of climate change, here is a reason to become very afraid: a multinational oil company has just issued a call for wholesale government intervention and regulation of the energy industry.
Of course, governments already regulate and tax energy on a large scale but this is different. Shell wants government to take charge. It wants politicians to decide what energy we consume and what form it should take, what investments should be made and which technologies should be adopted.