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UpstreamOnline: Hofmeister backs greenhouse gas caps

By Upstream staff

The head of Anglo-Dutch supermajor Shell’s US operations, John Hofmeister, said today that governments need to enact mandatory limits on greenhouse gas emissions and not rely on voluntary measures to battle global warming.

“I think that voluntary is not fast enough,” Shell Oil president Hofmeister told an environmental event, Reuters reported. “I think it’s time for government to lead on this issue.”

“If government doesn’t lead on this its not going to happen. It’s as simple as that,” Hofmeister said.

Hofmeister said the US Securities & Exchange Commission should adopt rules currently under consideration that would require companies to disclose their carbon emissions to investors.

“I think it’s a good move forward,” he said.

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25 September 2007 19:51 GMT  | last updated: 25 September 2007 19:51 GMT

http://www.upstreamonline.com/live/article141288.ece

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