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Monday, December 04, 2006

Shell CEO Scolds US Over Kyoto

Hey, someone had to do it. I'm not seeing this story getting a lot of play in the US press, so far.

CTV.CA:

The CEO of Royal Dutch Shell PLC (NYSE:RDS.A) berated Washington on
Monday for spurning the United Nations 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,'' Jeroen Van Der Veer told a gathering of hundreds of political and business leaders from the Middle East and elsewhere.

Van Der Veer was asked by an American attending the Arab Strategy Forum whether the energy company's business plans were being hurt by the global backlash against global warming, and the carbon dioxide emissions from burning oil-based fuels considered the prime cause.

Van Der Veer said energy companies would be ready to work with governments to solve the carbon problem if there was a worldwide framework to bind governments to the same standards. He said Kyoto protocol, which focuses on 35 industrial countries, was a good start.

"You are from the United States. Why don't you join the Kyoto agreement?'' Van Der Veer asked the American. "You see an initial framework there and you can build on that for our future.''

source



The US dropped out of Kyoto about ten seconds after Bush was sworn in and the environment's been paying for it ever since.

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