Oil and gas majors call for global price on carbon
Published by Joseph Green,
Editor
Oilfield Technology,
Six European oil and gas companies have called for a global price on carbon as a way to control climate-warming emissions from the burning of fossil fuels.
The chief executives of Royal Dutch Shell, BP, Eni, Total, Statoil and the BG Group made the appeal ahead of a new round of U.N. climate talks.
In a letter to U.N. climate chief Christiana Figueres and French Foreign Minister Laurent Fabius the companies argued that governments should introduce carbon pricing and eventually link up their carbon markets.
While that involves a cost for fossil-fuel companies, they said "carbon pricing policy frameworks" will help provide a roadmap for energy companies and investors.
Governments are expected to sign a global climate agreement in Paris in December.
Adapted from press release by Joseph Green
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/01062015/oil-gas-majors-call-global-price-carbon-869/
You might also like
Flow remediation in subsea environments
Leonard Hamill, Operations Director, Pipetech, discusses the issues facing downhole wells in deepwater environments and how the development of new technologies can address these issues.
