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SIX European oil and gas companies called for a global carbon tax yesterday to cut emissions from fossil fuels.
The call by the chief executives of Royal Dutch Shell, BP, Eni, Total, Statoil and the BG Group came as UN climate talks resumed in the German city of Bonn yesterday.
“Our companies would like to open direct dialogue with the UN and willing governments,” the firms said in the letter addressed to UN climate chief Christiana Figueres and French Foreign Minister Laurent Fabius.
They called for carbon markets to be introduced around the world and the creation of an international framework that would eventually link them all.
Carbon markets set limits on the amount of carbon dioxide that gas companies can release and also allow firms to trade emissions permits at market price, potentially profiting from the regulatory system.
Greenpeace said it opposed carbon trading but only on the grounds that fossil fuels should be banned outright.
