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Shell’s Voser Backs Rudd on Australian Emissions Plan, AFR Says

Bloomberg

By John Viljoen

Aug. 14 (Bloomberg) — Royal Dutch Shell Plc Chief Executive Officer Peter Voser expressed support for Australia’s planned emissions trading system at a meeting with Prime Minister Kevin Rudd, the Australian Financial Review reported.

Voser met with Rudd and Treasurer Wayne Swan in Canberra on Aug. 12 to discuss the carbon pollution reduction system and plans to invest in Australian energy projects, the Review said, without saying where it got the information.

Voser told Rudd and Swan that Shell favored the system because it wanted policy certainty as it prepares to expand Australian operations, the report said. The Shell chief’s position appears to contrast those of LNG rivals who have argued that Rudd’s proposed system would impose an unfair burden on Australian gas producers in favor of overseas projects.

The Senate yesterday blocked the emissions reduction system from becoming law. Climate Change Minister Penny Wong said the legislation will be resubmitted for a fresh vote before the end of the year.

To contact the reporter on this story: John Viljoen in Sydney at [email protected]

Last Updated: August 13, 2009 19:52 EDT

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