Read

User menu

Search form

Even the Global Oil Giants Are Now Calling for A Price On Carbon Pollution

Even the Global Oil Giants Are Now Calling for A Price On Carbon Pollution
Thu, 6/4/2015 - by Timothy Cama
This article originally appeared on The Hill

Six major European oil companies are asking the United Nations to help impose carbon dioxide emission pricing in all countries. The oil giants said their request to the U.N. represents the best way they could contribute to reducing carbon emissions and fighting climate change.

The letter comes six months before U.N. member countries are due to meet in Paris to hammer out an international agreement to cut greenhouse gases and help nations cope with the effects of climate change.

“If governments act to price carbon, this discourages high carbon options and encourages the most efficient ways of reducing emissions widely, including reduced demand for the most carbon intensive fossil fuels, greater energy efficiency, the use of natural gas in place of coal, increased investment in carbon capture and storage, renewable energy, smart buildings and grids, off-grid access to energy, cleaner cars and new mobility business models and behaviors,” they wrote.

The letter was signed by representatives of the United Kingdom’s BG Group and BP, Italy’s Eni, the U.K.-Netherlands's Royal Dutch Shell, Norway’s Statoil and France’s Total.

They specifically asked for carbon pricing systems in the countries that do not have them and for them to be implemented in a way so the systems could eventually be integrated internationally.

The oil producers offered their help and expertise to the U.N. and any countries in implementing carbon pricing, which could include taxes on carbon emissions, cap-and-trade systems or other policies that charge companies to pollute.

While it could make oil production more expensive, carbon pricing could also encourage the production and use of natural gas, another major product for the oil companies.

“Pricing carbon obviously adds a cost to our production and our products — but carbon pricing policy frameworks will contribute to provide our businesses and their many stakeholders with a clear roadmap for future investment, a level playing field for all energy sources across geographies and a clear role in securing a more sustainable future,” they said.

Originally published by The Hill

3 WAYS TO SHOW YOUR SUPPORT

ONE-TIME DONATION

Just use the simple form below to make a single direct donation.

DONATE NOW

MONTHLY DONATION

Be a sustaining sponsor. Give a reacurring monthly donation at any level.

GET SOME MERCH!

Now you can wear your support too! From T-Shirts to tote bags.

SHOP TODAY

Sign Up

Article Tabs

The world has lost an incredible thinker and doer. I have lost an amazing friend. A void exists where before it was filled with David's optimism, humour and joy.

Kevin Zeese speaks at a rally for Chelsea Manning. By Ellen Davidson.

Kevin fought to bring truth every day. We must not lose this struggle.

To win the climate argument, advocates must show how Covid-19 bailout funds could be redirected – instead of making similar mistakes as the 2008 financial crisis.

The most analogous failure to the impending economic turbulence is the financial crisis of 2008, caused, primarily, by the deregulation of the financial industry.

#MeToo, India sexism, women's rights, sexual abuse

Activists are continuing the fight but are exhausted, balancing careers and a movement, that, to most, has become a personal battle.

The world has lost an incredible thinker and doer. I have lost an amazing friend. A void exists where before it was filled with David's optimism, humour and joy.

Kevin Zeese speaks at a rally for Chelsea Manning. By Ellen Davidson.

Kevin fought to bring truth every day. We must not lose this struggle.

David Graeber at his home in Manhattan in in 2005. A public intellectual, professor, political activist and author, he captivated a cult following that grew globally with each book he published over the last decade.Credit...Jennifer S. Altman for NYT

He wrote about crushing debt, pointless jobs and the negative effects of globalization. And he played a leading role in the Occupy Wall Street movement.

To win the climate argument, advocates must show how Covid-19 bailout funds could be redirected – instead of making similar mistakes as the 2008 financial crisis.

The most analogous failure to the impending economic turbulence is the financial crisis of 2008, caused, primarily, by the deregulation of the financial industry.

The world has lost an incredible thinker and doer. I have lost an amazing friend. A void exists where before it was filled with David's optimism, humour and joy.

Posted 6 days 16 hours ago
Kevin Zeese speaks at a rally for Chelsea Manning. By Ellen Davidson.

Kevin fought to bring truth every day. We must not lose this struggle.

David Graeber at his home in Manhattan in in 2005. A public intellectual, professor, political activist and author, he captivated a cult following that grew globally with each book he published over the last decade.Credit...Jennifer S. Altman for NYT

He wrote about crushing debt, pointless jobs and the negative effects of globalization. And he played a leading role in the Occupy Wall Street movement.