Financial Times: Business leaders call for clear direction
By Ed Crooks in London
Published: December 6 2009 19:41 | Last updated: December 6 2009 19:41
Peter Voser, the CEO of Royal Dutch Shell, said a deal needed to recognise the potential of carbon capture and storage, a technology being developed by Shell.
Companies that pioneer the technology should receive incentives to do so, he said. One way to do that would be to award emission allowances for every tonne of CO2 stored underground on the principle that a tonne of CO2 stored underground is as good as a tonne of CO2 avoided through a wind farm.
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