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Shell and BP call for international carbon pricing deal

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Oil majors are pushing for scheme to limit emissions as they face growing criticism surrounding global warming

By Andrew Critchlow, Commodities editor: 01 Jun 2015

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Europe’s biggest oil companies, including Royal Dutch Shell and BP, have written an open letter calling for a binding global system of carbon trading in a bid to head off climate change critics.

In a joint statement, the chief executives of Shell, BP, Total, Eni, Statoil and BG Group said: “We need to meet greater energy demand with less CO2. We are ready to meet that challenge and we are prepared to play our part. We firmly believe that carbon pricing will discourage high carbon options and reduce uncertainty that will help stimulate investments in the right low carbon technologies and the right resources at the right pace.” read more

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Shell pushes for unfettered carbon trading markets

“You have to allow a secondary market to develop,” David Hone, Shell's climate change adviser, told reporters at an energy conference in Singapore today. “You don't want to have a carbon market that's restricted from doing what other commodity markets are doing.”

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Alcoa, Shell Want Climate Plan, Global Carbon Limits

June 20 (Bloomberg) -- Alcoa Inc., Royal Dutch Shell Plc and 97 other companies are urging world leaders to devise a plan for fighting global warming by setting greenhouse-gas targets for all nations and creating an international carbon market.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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