Total CEO Says Oil Chiefs to Meet Next Week on Climate, Carbon Pricing

Reuters

LONDON, Oct 7 (Reuters) – The chief executive of French oil major Total, Patrick Pouyanne, said executives of eight global oil companies would meet in Paris next week to discuss involvement in the climate change debate and proposals about carbon pricing.

He did not name the companies.

Earlier this year BG Group, BP, Eni, Royal Dutch Shell, Statoil and Total wrote to U.N. climate chief Christiana Figueres, urging governments around the world to introduce a pricing system for carbon emissions.

Setting a price for each tonne of carbon that emitters produce is meant to encourage companies to adopt cleaner technologies and shift away from using fossil fuels, primarily coal.

In a joint statement, the companies acknowledged the current trend in greenhouse gas emissions was too high to meet the United Nation's target of limiting global warming by no more than 2 degrees.

Responding to the letter, Figueres said the oil firms needed to step up their own efforts to fight climate change.

(Reporting by Dmitry Zhdannikov, Ron Bousso and Karolin Schaps; Additional reporting by Susanna Twidale; Editing by Louise Heavens and Pravin Char)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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