Thursday December 07, 2006

Shell CEO: 'The debate about CO2 is over'

peakoil.com -> yorkdispatch.com :

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

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