Fri, Mar 09, 2018 - Page 7 News List

US, EU actors clash over climate policy in Houston

Reuters

In New York on Wednesday, Exxon Mobil chief executive officer Darren Woods echoed Perry’s words at the company’s investor day, noting developing nations need solutions to generate more electricity.

Like others, Woods said Exxon advocates a carbon tax to limit emissions.

“By and large, we don’t see enough incentives to grow CCS in the marketplace,” Exxon manager of environmental policy and planning Peter Trelenberg said

Few in Houston were as emphatic as Van Beurden, who outlined how Shell is moving to meet its targets to halve carbon emissions by 2050.

Steps include limiting emissions from operations and boosting natural gas production to reach 75 percent of company oil and gas output.

“Over time, this net carbon footprint ambition will transform our company’s product mix,” Van Beurden said.

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