Shell CEO: 'The debate about CO2 is over'

The chief executive for Shell berated Washington for spurning the United Nation's Kyoto agreement on global warming, saying U.S. backing for a global regulatory framework would create incentives for oil companies to reduce carbon dioxide emissions.

"For us as a company, the debate about CO2 is over. We've entered a debate about what we can do about it," Royal Dutch Shell PLC chief Jeroen Van Der Veer told a gathering of hundreds of political and business leaders from the Middle East and elsewhere.

Shell has made an effort to at least appear green, though critics would say the company is more about propaganda than anything else, given that Shell's main product is oil. Shell claims to have invested $1 billion in renewables since 2000, notably in a major offshore wind project in the North Sea.

(2006-12-07 12:43:19 SGT) [Env] Permalink

Comments:

Post a Comment:

Comments are closed for this entry.

« Southeast Asian oil... | Main | NATO prepares for... »

Most popular blog postings on lowem.log :

1. Singapore SIBOR rate falls to 0.94% in Nov 2008, lowest since Jul 2004
2. Baltic Dry Index falls 93% as shipping rates plunge, signalling global economic collapse
3. Singapore SIBOR rate falls to 1.31%, lowest since Nov 2004
4. Singapore SIBOR interest rates fall to 1.5%, lowest since Dec 2004
5. Live spot gold price quotes chart on COMEX
6. 2010 Honda Civic Hybrid preliminary specifications released
7. Fuel prices seen stoking Malaysia inflation in 2008
8. How to insert currency exchange rates into Google Spreadsheets

Featured articles on lowem.log :

1. ABC Guide to Beating Inflation in Singapore and Elsewhere
2. Singapore inflation rate hits new 26-year high of 7.5% in Apr 2008
3. Baltic Dry Index falls 93% as shipping rates plunge, signalling global economic collapse
4. 67000 China factories closed in H1 2008 as global economic collapse takes hold
5. 2010 Honda Civic Hybrid preliminary specifications released
6. Peakoiler buys 2008 Honda Civic Hybrid FD3
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore SIBOR rate falls to 0.94% in Nov 2008, lowest since Jul 2004