Major oil company Royal Dutch Shell is urging the U.S. Senate to give oil refiners a bigger share of free pollution permits under a cap-and-trade plan to fight global warming than the House of Representatives provided in its climate change legislation, reports Reuters. The Senate is currently drafting its version of the climate change bill.
July 10th, 2009:
Oil Refiners and Farmers Lobby for Climate Change Concessions
Exxon Shale-Gas Find Looks Big
Royal Dutch Shell PLC spent $6 billion to acquire Canadian Duvernay Oil Corp. and its acreage in a prospective unconventional-gas formation.