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Shell CEO Peter Voser pushing for carbon capture and storage

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.”

FULL FT ARTICLE (SUBSCRIPTION)

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