Monday, June 1, 2015

FT: European energy groups seek UN backing for carbon pricing system

The FT [] writes: 
Six of Europe’s largest oil and gas companies have banded together for the first time to ask the UN to let them help devise a plan to stop global warming.
These are Royal Dutch Shell (Dutch-UK), BP (UK), Total (France), Statoil (Norway), Eni (Italy) and BG Group (UK).
The chief executives of ExxonMobil and Chevron, the two largest US oil producers, said last week they would not be joining any European company initiative to forge a common position on global warming.
Further analysis about the issue, and how these companies try to address the potential risk that their assets under ground become worthless, is given here []. 

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