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Shell CEO Voser on Climate Change

Business chiefs hit at climate agreement

By Ed Crooks and Fiona Harvey in Copenhagen

Published: December 20 2009 19:26 | Last updated: December 20 2009 21:39

EXTRACTS

Global energy businesses are disappointed and confused by the climate deal agreed in Copenhagen, saying it does not provide enough certainty to justify the huge investments needed to cut carbon emissions.

Peter Voser – the chief executive of oil and gas group Royal Dutch Shell, which has supported limiting emissions – said “much more” was needed.

Mr Voser said: “We…recognise that the accord reflects a true political willingness to combat climate change. However, it remains unclear how this political willingness will translate into concrete steps.”

FULL FT ARTICLE (SUBSCRIPTION)

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