European Majors Endorse the Need to Address Climate Change

After years of cautious, long-term discussions and no action on the topic of climate change at a May meeting, "chief executives of BG Group (BRGXF), BP (BP), Eni, Royal Dutch Shell (RYDAF) , Statoil (STO) and France's Total (TOTB.F) drafted a letter urging governments around the world to introduce a pricing system for carbon emissions in order to battle their harmful effect." The executives agreed that there is a need for climate solutions, and a strong interest in favor of a carbon pricing system aimed at curbing the burning of the most polluting fossil fuels