Statoil Wants to Pay for CO2 Emissions RSS Feed

Statoil Wants to Pay for CO2 Emissions

Six of Europe’s oil and gas companies, including Norwegian giant Statoil, will pay for CO2 emissions and ask the world’s politicians and the UN to determine a price.

In a joint press release which NRK published, senior managers at Statoil, BG Group, BP, Shell, Total and ENI ask world governments and the United Nations to assemble a global market for pricing of CO2.

In the letter to UN Climate Convention, theyask the governments to agree on a system for pricing of CO2 in countries and in regions where it does not already exist.

The goal is to get politicians to agree on a price on CO2 emissions at the climate summit in Paris in December, writes NRK.

Oil companies acknowledges that the industry they represent poses a big challenge for greenhouse gas emissions, while world energy demand increases.

Read full article at The Nordic Page